5 Things To Know About Facebook's Massive $250 Billion Drop In Value

Meta (erstwhile Facebook) suffered a massive plunge in its stock value after poor earnings. The company's stock took a 26.4 percent hit in its shares after disappointing results in the last quarter, and the total valuation dropped about $230 billion (roughly Rs 17.17 lakh crores) in a record daily loss for Meta. Further, this led to CEO Mark Zuckerberg's net worth drop by about $30 billion as the company saw the daily active users drop for the first time in the last 18 years since the company's inception. (Image Credit: News18)

This is the biggest single-day drop in any company's valuation. (Image Credit: News18)

Meta's shares fell from $322 to $237 on February 4. (Image Credit: News18)

Few facts about how much $251.3 billion is worth. (Image Credit: News18)

Facebook CEO Mark Zuckerberg's net worth dropped by about $30 billion. (Image Credit: News18)

Few reasons why Facebook is in trouble. (Image Credit: News18)