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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

All in a Day: Zuckerberg Loses $29 Bln, Bezos Set to Pocket $20 Bln

Meta Mark Zuckerberg United States Amazon Jeff Bezos
Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019. (Reuters)

Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings.

Meta's stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a US company. That pulled down founder and Chief Executive Officer Zuckerberg's net worth to $85 billion, according to Forbes.

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