Mark Zuckerberg shed $31 billion in paper profits on Thursday, more than the market caps of nearly half of the companies in the S&P 500.
The one-day drop in net worth for the Meta Platforms Inc. chief executive comes after the company’s stock suffered a steep decline on Thursday following a disappointing earnings report. Mr. Zuckerberg’s drop in paper wealth is greater than the entire market values of Twitter Inc . and Delta Air Lines Inc . , about $30 billion and roughly $26 billion, respectively.