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Zuckerberg Loses $11B as Meta Shares Drop 4%

By Drooid · Sep 29, 2026, 11:55 AM UTC · How we work

Summary

Story summary

Mark Zuckerberg lost $11 billion on Monday as Meta shares fell.
His net worth dropped $10.9 billion to $246.7 billion, falling below $250 billion.
Meta hired MongoDB CEO Chirantan “CJ” Desai as chief platform officer to sell AI models, APIs.
Meta stock slid over 4% to $719.44 by noon EDT while MongoDB fell over 18% to $334.53.
Goldman Sachs warned firms need $300 billion in AI services revenue to break even and $1 trillion for profit.

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Story summary

Mark Zuckerberg lost $11 billion on Monday as Meta shares fell.
His net worth dropped $10.9 billion to $246.7 billion, falling below $250 billion.
Meta hired MongoDB CEO Chirantan “CJ” Desai as chief platform officer to sell AI models, APIs.
Meta stock slid over 4% to $719.44 by noon EDT while MongoDB fell over 18% to $334.53.
Goldman Sachs warned firms need $300 billion in AI services revenue to break even and $1 trillion for profit.