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Meta, formerly Facebook, reported a $2.8 billion loss on its metaverse investment. This led to a historic one-day stock crash, wiping out $230 billion in market value, making it the biggest single-day decline ever. Mark Zuckerberg, the CEO, suffered a personal wealth loss of nearly $100 billion. Additionally, in a separate incident, Zuckerberg lost almost $30 billion as Meta's shares plummeted by 25%.

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