Zuckerberg's wealth evaporated by $11 billion in a single day, and Morgan Stanley's target price was cut in half

华尔街见闻2022-10-28

Abstract: Meta plummeted by more than 20%, and its founder and CEO Zuckerberg's wealth evaporated by more than 11 billion US dollars in a single day. In the long run, Zuckerberg's wealth has evaporated in just 13 months. More than 100 billion US dollars, equivalent to nearly two and a half tweets. On Thursday, Morgan Stanley cut its stock price target on Meta for the first time, cutting its target price by nearly half to $105 per share. After Facebook's parent company Meta announced its disastrous earnings report, its stock price plummeted by more than 20%, and its founder and CEO Zuckerberg's wealth was severely damaged, evaporating more than $11 billion in a single day....

Web link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
2