Zuckerberg's wealth evaporated by $11 billion in a single day, Morgan Stanley's target price 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....

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