Some days it just doesn't pay to be a billionaire.
Case in point: Mark Zuckerberg, CEO of Meta Platforms , formerly Facebook.
Zuckerberg lost $24 billion from his net worth, while his company dropped $200 billion in market
His net wealth, which results mostly from his Facebook shares, was estimated at $121 billion at the close of the markets on Feb. 2
Facebook's market value amounted Wednesday evening before the results to $897.94 billion.
Thursday, it had melted to 687.38 billion before the opening. About $210 billion went up in smoke in 24 hours.
The company reported a profit of $3.67 a share, down 6% from a year ago and short of Wall Street's call for $3.84 a share.
Meta also said spending will close in on $100 billion this year while noting slower user growth rates and a pullback on advertising budgets.
Daisy Dove rocked the sweetest pair of pink boots as dad Orlando Bloom cradled
Daisy Dove is hitting the toddler phase! The adorable 16-month-old looked so tall as she got to visit the one-and-only FAO Schwarz with dad Orlando Bloom
Orlando held his baby girl outside of the store, who was sweetly dressed in the cutest pink boots, blush leggings and a pink hoodie
Orlando went for an all neutral vibe, rocking a camel colored beanie, as well as chino pants, and what appeared to be a beige bomber style jacket with a mossy green detail
The Lord of the Rings star kept safe with a disposable blue face mask.
Katy, who is in town for her Saturday Night Live performance scheduled for Jan. 29, matched Daisy’s shoe vibe with an olive green pair of knee high Moon Boots