DIGIVESTASI - Meta CEO Mark Zuckerberg's personal wealth suddenly plummeted by hundreds of trillions of rupees. This is due to the decline in Meta's share value. Based on a CNBC report, Mr. Zuckerberg's wealth fell by $18 billion or around Rp291 trillion on Thursday (25/4). The day before, Mr. Zuckerberg spoke to investors about Meta's latest financial report.

According to the report, Meta's revenue reached $36.46 billion in the first quarter of 2024, exceeding analysts' expectations. However, Zuckerberg's comments on the earnings report scared investors, causing Meta shares to plummet 19% and the company's valuation to fall by $200 billion. 

Zuckerberg told investors that 98% of Meta's revenue comes from advertising, but Meta will pump billions of dollars into areas such as artificial intelligence (AI) and the Metaverse. 

Meta started by bringing an AI assistant called Meta AI to apps like Facebook, Instagram and WhatsApp. However, this feature has not been monetized and will not be monetized until a few years from now. 

"Historically, we invest in new product development, but we haven't monetized it at the product consultation stage," Zuckerberg said during a conference call, CNBC reported on Saturday (4/4). in our stock price." August 27, 2024). Mr. Zuckerberg owns about 345 million shares of Meta Class A and B shares, and after Meta's stock value fell $52.12 on Thursday, Mr. Zuckerberg's stock value dropped to $18 billion. 

However, Mr. Zuckerberg remains the fourth richest person in the world, with a net worth of $152 billion. He is the man behind fashion mogul Bernard Arnault, Amazon founder Jeff Bezos, and Tesla CEO Elon Musk. 

Zuckerberg's wealth has waxed and waned over the past few years, but yesterday wasn't the worst day for his finances. At the start of 2022, Meta's share price fell 26%, and he lost almost $30 billion in a single day.

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