Overview
- Meta shares fell roughly 11% after the company guided 2025 AI capital expenditures to $70–$72 billion, unsettling investors.
- Bloomberg’s Billionaires Index shows Zuckerberg down two places to fifth with an estimated net worth of about $235.2 billion.
- Bloomberg calculated a $29.2 billion single-day hit to his fortune, the fourth-largest market-driven decline recorded by its index.
- Meta reported third-quarter EPS of $1.05 versus a roughly $6.72 FactSet consensus, while revenue rose to $51.2 billion and beat estimates.
- Zuckerberg defended the AI push in a Facebook post as analysts questioned the timing of returns, and Forbes’ real-time tracker put his wealth near $228.5 billion.