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Economic Times | 04 Feb, 2022 | 06.28AM IST
News Updates Live: Meta drops 26% in biggest ever single-day market value wipeout, wipes $29 billion from Zuckerberg's net worth
Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc's stock marked a record one-day plunge, while fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings. Meta's stock fell 26%, erasing more than $200 billion in the biggest ever single-day market value wipeout for a U.S. company. That pulled down founder and Chief Executive Officer Zuckerberg's net worth to $85 billion, according to Forbes. Zuckerberg owns about 12.8% of the tech behemoth formerly known as Facebook.
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Zuckerberg loses $29 bln, Bezos set to pocket $20 bln
Amazon's holiday-quarter profit surged, thanks to its investments in electric vehicle company Rivian; and the company said it would hike annual prices of Prime subscriptions in the United States, sending its shares up 15% in extended trading and readying it for its biggest percentage gain since October 2009 on Friday.
Putin, Macron discuss Ukraine, Russian proposals on security guarantees
"A substantive dialogue continued on the situation around Ukraine and issues related to the Russian initiative to develop long-term legal guarantees for the security of Russia," the Kremlin said in a statement.
COVID-19: 25 more deaths in Punjab, 1,514 cases
The fatalities were reported from several districts, including Amritsar, Bathinda, Faridkot, Ludhiana and Fazilka as the death toll reached 17,360. The number of active cases stands at 16,070.
COVID-19: Rajasthan reports 8,073 new cases, 22 deaths
Six deaths were reported from Jaipur, three from Jodhpur, two each from Kota and Udaipur, and one death each was reported from Ajmer, Bharatpur, Bundi, Churu, Dausa, Dungarpur, Ganganagar, Jhunjhunu and Karauli, according to an official statement.
We have been projecting a quite robust growth for India. Yes, there is a small downgrade versus our previous projection from 9.5 per cent to 9 per cent for 2022. But then we also have a small upgrade for 2023, because we think that we will see a stable growth not very different from (those projected by) the (Union) Minister of Finance
- IMF Managing Director, Kristalina Georgieva
