mint

Mark Zuckerberg loses nearly $20 billion in 2 days: Is Meta’s AI spending to blame?

Via mint

Sep 28, 2026·Excerpt

Mark Zuckerberg loses nearly $20 billion in 2 days: Is Meta’s AI spending to blame? — Image: Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a state dinner with Chinese President Xi Jinping, not pictured, in the East Room of the White House in Washington, DC, US, on Thursday, Sept. 24, 2026. Donald Trump and Xi Jinping agreed to maintain a trade truce until early 202

Mark Zuckerberg’s estimated fortune has fallen by nearly $20 billion in two trading sessions as a sharp decline in Meta Platforms shares fuels investor concerns over the enormous cost of its artificial intelligence investments.Mark Zuckerberg’s wealth dropped $10.9 billion, or 4.23%, to $246.7 billion on Monday, taking his estimated fortune below the $250 billion mark, according to Forbes’ Real-Time Billionaires list.The fall followed an $8.9 billion decline on Friday, when Meta shares dropped after Goldman Sachs warned about the scale…

Continue reading on mint ↗

Courtesy

This story was originally published by mint. All rights belong to the original publisher.

Read the original on livemint.com ↗

Mark Zuckerberg loses nearly $20 billion in 2 days: Is Meta’s AI spending to blame?

Courtesy

Have a story tip, correction or partnership idea?