Overview
- Meta shares fell about 11% in a single session, the steepest drop since 2022, after the company outlined heavier 2025 outlays tied to artificial intelligence.
- Bloomberg estimated a $29.2 billion one-day hit to Mark Zuckerberg’s fortune, putting him at roughly $235.2 billion and down two spots to fifth place.
- Over two trading days, Bloomberg’s index showed about a $35 billion decline for Zuckerberg as Meta fell roughly 13.5%, with Forbes’ real-time tracker showing a lower net-worth figure.
- Meta guided 2025 capital spending to $70 billion–$72 billion and lifted its total expense outlook to as much as $118 billion, alongside plans for about $30 billion in new debt.
- The selloff followed Q3 results showing GAAP EPS of $1.05 versus a $6.72 estimate, with Benzinga reporting adjusted EPS of $7.25 on $51.24 billion revenue, while stronger reports from Amazon and Alphabet boosted Jeff Bezos and Larry Page in the rankings.