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(Image: Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill on Oct. 23, 2019, in Washington, D.C. The Facebook logo is displayed on an iPhone in front of a graph on Thursday in Paris.)

Facebook CEO Mark Zuckerberg testifies before the House Financial Services Committee on Capitol Hill on Oct. 23, 2019, in Washington, D.C. The Facebook logo is displayed on an iPhone in front of a graph on Thursday in Paris. (Chip Somodevilla / Getty Images; Chesnot / Getty Images)

Mark Zuckerberg Loses Billions as Facebook Suffers Its First Ever Downturn in Users

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By Abby Liebing

February 3, 2022 at 1:07pm

Facebook has lost users for the first time ever, costing CEO Mark Zuckerberg billions.

Facebook’s parent company, Meta, announced on Wednesday that it had lost about 1 million daily active users in the most recent quarter. It was the first ever drop in users for the social media giant, Axios reported.

After the dismal numbers were announced, Meta’s stock plummeted more than 20 percent, according to The Wall Street Journal. The drop cost the company’s market capitalization over $200 billion.

Zuckerberg himself was also directly impacted.

According to the Daily Mail, Zuckerberg has more than 398 million shares of Meta. So when the stock took a dive yesterday, it bumped $29 billion off his net worth.

https://www.westernjournal.com/mark-zuckerberg-loses-billions-facebook-suffers-first-ever-downturn-users/?utm_source=telegram&utm_medium=westernjournalism&utm_campaign=telegramfeed&utm_content=2022-02-03