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Mark Zuckerberg Loses $ 15 Billion In Record Facebook Fall

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Facebook shares plunge really bad this time!

On Thursday, Facebook Inc., Chief Executive Officer Mark Zuckerberg’s fortune took a fall of more than $ 15 billion. The social media giant noticed the biggest one day wipeout in the U.S. stock market history. This comes a day after its executives forecasted, years of lower profit margins.

According to sources, a number of 16 brokerages cut their price targets on Facebook. The managers at Facebook said the cost of improving privacy safeguards and the very slow growth of the firm in the advertising markets, would hit the company’s profit margins in the coming years.

The shares went down as much as 19.6 percent to the tune of $ 174.78 in early trading, a decline that would wipe about $ 124 billion off the company’s value. Also, it is nearly four times the entire market capitalization of Twitter Inc.,

The company owned Instagram app, which is not really affected by Facebook’s privacy concerns, would not be enough to repair the damage

According to the second quarter results of Facebook, a string of privacy scandals involving Cambridge Analytica and other app developers are hitting the company’s business. The Chief Financial Officer of Facebook, David Wehner said over the next several years, we would anticipate that our operating margins will trend towards the mid 30s on a percentage basis.

However, a few analysts said Facebook is involved in too many scams and it would took a lot of time to come clean. Unlike Netflix, whose quarterly shortfall we saw as temporary, here we see an evolution of the story, albeit a portion of which we expected, said Daniel Salmon, analyst at BMO Capital Markets. Bears win this quarter … but not the war, said Brent Thill, an analyst with Jefferies.  The shares of Facebook fell to 44 percent in the second quarter from 47 percent a year ago.

As far as Facebook’s market capitalization is concerned, the social media giant was worth  $ 629.6 billion yesterday. The company is now worth $ 506.2.

To be more precise, Facebook lost an enormous $ 123.4 billion in value overnight.

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Jio BlackRock Gets SEBI Approval to Launch Brokerage Operations in India

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CoRover Unveils BharatGPT Mini: India’s First Offline Multilingual AI

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CoRover has launched BharatGPT Mini, India’s first offline multilingual AI model, at VivaTech 2025 in Paris, with the event officiated by Union Minister Jitin Prasada. This innovative Small Language Model (SLM), featuring around 534 million parameters, is specifically designed for edge devices and low-compute environments, enabling robust AI capabilities without the need for cloud connectivity. Its ability to function entirely offline and support 14 Indic languages makes it a powerful tool for digital inclusion, particularly in rural and remote regions where internet access is limited.

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Kerala Startup E-Quark Launches Innovative Mobile Holder with Built-In Charger

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Kerala-based startup E-Quark Molecule Innovations Pvt Ltd, headquartered in Thrissur, has introduced an innovative device called Keratin that combines a mobile phone holder with a built-in charger. This unique gadget is designed to offer users a convenient solution to hold and charge their smartphones simultaneously, addressing the common challenge of managing power supply while using mobile devices.

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