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Meta's Stock Price Drops After Consecutive Court Losses, Zuckerberg's Wealth Declines by $20 Billion
2 day ago /
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Author：小编
According to the New York Post, Meta's stock price fell nearly 5% on Friday, and Mark Zuckerberg's net worth decreased by over $20 billion as investors fear that Meta may face legal settlements similar to those of major tobacco companies following two consecutive court losses. The previous two rulings determined that Meta failed to protect children, potentially triggering thousands of similar lawsuits. Meta has vowed to appeal, but investors are concerned that this is just the beginning of its troubles. Affected by the stock price decline, Meta has fallen out of the top seven U.S. companies by market capitalization for the first time since 2023.
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