Business
Mark Zuckerberg’s Wealth Plunges By $31 Billion After Meta Shock
Mark Zuckerberg’s wealth fell by $31 billion, one of the biggest one-day declines on record, after Meta Platforms Inc.’s fourth-quarter results fell short of analysts’ expectations.
Meta is in the midst of a historic slump in shares after Wednesday’s earnings showed that Facebook’s monthly users didn’t grow last quarter compared with the previous quarter, raising concerns about the company’s future growth. At 10:25 a.m. Thursday, stocks in New York fell 24%.
Meta’s sharp decline left Zuckerberg’s net worth at about $92 billion, down from $120.6 billion at Wednesday’s close, according to the Bloomberg Billionaires Index. That’s enough to keep the 37-year-old off the list of the world’s 10 richest people for the first time since July 2015.
A loss of $31 billion in wealth in one day would be the second-biggest loss from a drop in stock prices, after the volatility of Elon Musk’s fortune. The world’s richest man lost $35 billion in a single day in November as Tesla Inc shares asked voters in a Twitter poll whether they should sell their 10% stake in the company. His net worth also plummeted by $25.8 billion last week.
The co-founder of Meta is also facing an unprecedented decline in personal wealth. Dustin Moskovitz, the world’s 79th richest man with a net worth of $21.2 billion as of Wednesday, lost about $3 billion, while Eduardo Saverin, who is worth $17.5 billion ) lost more than $4 billion in value.
Meta Chief Operating Officer Sheryl Sandberg lost more than $100 million from her $2.5 billion personal wealth, according to data compiled by Bloomberg. However, Sandberg’s wealth is less concentrated in the company’s stock than Zuckerberg’s, softening the blow.
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Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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