Mark Zuckerberg drops in billionaire ranks after losing $29B in single day as Meta stock tanks

New York PostFriday, October 31, 2025 at 6:09:49 PM
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Mark Zuckerberg drops in billionaire ranks after losing $29B in single day as Meta stock tanks
Mark Zuckerberg has seen a significant drop in his billionaire ranking after Meta's stock plummeted, resulting in a staggering $29 billion loss in just one day. This downturn follows investors' concerns over Meta's decision to issue $30 billion in new debt to finance its artificial intelligence initiatives. This situation is crucial as it highlights the risks associated with heavy investments in emerging technologies and the potential impact on shareholder confidence.
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