American technology companies experienced significant fluctuations over the past week, with some seeing a dramatic increase in market value, while others, like Facebook, suffered severe losses, impacting the wealth of the richest individuals in the world. According to the British newspaper "Daily Mail," the wealth of Amazon founder Jeff Bezos recently increased by $14.5 billion, while Meta (formerly Facebook) founder Mark Zuckerberg incurred a loss of $23 billion.
Amazon, founded by Bezos in 1994, greatly benefited from the stock market movements, with its market value rising by $145 billion. Conversely, Facebook's market value lost $175 billion, marking the largest daily loss the company has ever experienced. Similarly, Netflix also suffered a significant loss, shedding approximately $26 billion in market value. In contrast, the market values of Alphabet (Google), Apple, and Microsoft rose.
These financial fluctuations among tech giants come after a tumultuous start to the stock market in early 2022, amid expectations of rising interest rates. It is worth noting that Bezos is the second richest person in the world, with a net worth of $133 billion, while Zuckerberg's recent losses have pushed him out of the top ten. Current estimates place Zuckerberg's wealth at around $65 billion, alongside a report from last week showing the first-ever decline in the number of users on the platform.
