Jakarta, CNBC Indonesia – This year doesn’t seem like the best time for Mark Zuckerberg. The Bloomberg Billionaires Index report stated that the Meta boss lost assets that reached Rp 1,500 trillion in 13 months.
This happened because the company’s shares continued to decline. The peak in September 2021 is USD 380 per unit.
This year, its total wealth is “only” US $ 38.1 billion, far from September 2021 to reach US $ 142 billion. Quoting Bloomberg, this is the biggest loss ever for the Bloomberg Billionaires Index rich list.
The meta performance is rather disappointing. On Thursday (10/27/2022), its share price plunged 25% to US $ 97.94 and became the lowest since 2016. If interesting until early last year, the Meta’s price fell more than 70%.
The sale of the stock comes after the company’s quarterly revenues fell more than 4% from last year to $ 27.7 billion. The report turned into a disappointing second quarter.
Not only that, the company’s profit also fell by 52%, or just $ 4.4 billion. Meta estimates that this poor performance will continue through the end of the year, which is between US $ 30 billion and US $ 32.5 billion or below the analysis expectations of US $ 32.2 billion.
Reality Labs, the unit that develops the VR and AR technology for the Metaverse project, also performed poorly, losing $ 9.4 billion in 2022. But Zuckerberg continued his ambitious digital project despite his company’s losses. .
(npb / npb)
