Mark Zuckerberg Reportedly Loses $29 Billion As Facebook Meta Stock Price Crashes After Dismal Q4 Report

Mark Zuckerberg reportedly lost over $29 billion dollars after his newly renamed company Meta had an abysmal Q4 shareholder meeting. The expected growth for Meta was not hit, with them posting a profit decline compared to previous quarters.

Despite the fact that the Facebook company had shifted gears and began to work on future technology, the profit decline was serious enough to send investors running, with the stock freefalling in the hours after the meeting, hitting a total of 25 percent lost.

1/19 $META 4Q'21 Earnings"although the direction is clear, our path ahead is not yet perfectly defined." The word "headwind" or "headwinds" appeared 30 times on this call. Market listened. Stock is -23% AH.

— Mostly Borrowed Ideas (@borrowed_ideas) February 3, 2022

BuT #BiTcOiN iS tOo VoLaTiLe! $FB #META $SPOT $PYPL #BTC pic.twitter.com/IwNpJVyz8j

— STOCK NINJA (@STOCKSNINJA2) February 2, 2022

Facebook stock dropped 22%. Hey Meta, karma is a bitch!

— Karla 🐊🍊🥥🩴 (@KarlaCNY_JAX) February 3, 2022

Hard to believe that Meta stock is tanking with a vision as brilliant as this pic.twitter.com/80B0M560rf

— Jason Schreier (@jasonschreier) February 3, 2022

This large loss in stock price directly affects Zuckerberg's wealth, as he has his money intertwined with the stock. This means that because of the cratering, Zuckerberg had lost an estimated $29 billion dollars overnight, which caused many online to celebrate.

This wasn't just a time for celebrating, however, as many took the chance to dogpile on Meta, the Metaverse as a concept and, of course, make memes about what could possibly be done next to get the company back on track.

Okay, let’s be honest. Who was HAPPY to learn that Mark Zuckerberg lost $24 BILLION today in net worth when his Meta stock PLUMMETED 22% in after-hours trading?

— Jon Cooper (@joncoopertweets) February 3, 2022

BREAKING: Meta announces new Indian CEO to make the stock price go up pic.twitter.com/ODds1g55lw

— Dr. Parik Patel, BA, CFA, ACCA Esq. (drpatel.eth) (@ParikPatelCFA) February 2, 2022

You know, I looked at Facebook/Meta stock and then remember that Melvin holds a big amount of it lmaooo. Holy f*ck, at this point just liquidate and go home dudes. It brings me joy to see hedge funds struggle though.

— carlostrades (@rockstar_stocks) February 3, 2022

Is it wrong to feel this much joy that Facebook/Meta is about to make history for the largest one-day drop in market cap for a U.S. stock? 👏

— Amy Siskind 🏳️‍🌈 (@Amy_Siskind) February 3, 2022

The following day, the price drop-off was officially set in stone, with the stock opening at $244.78 (down from $323 the night before), and it experiencing a trading volume of 188 million stocks, contrasted against its daily average of 42 million. This means that the stock was traded close to five times more than usual, and the closing price of $241.45 means that the stock has consistently stayed within this deflated range, not going too high or below, creating a new average stock price.