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Joined: Feb 2001
Posts: 381,904
Launch Director
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OP
Launch Director
Joined: Feb 2001
Posts: 381,904 |
Mark Zuckerberg's net worth plummeted by $29.2 billion, dropping him to fifth on the Bloomberg Billionaires Index. This significant loss was triggered by Meta's substantial planned capital expenditures for AI infrastructure, including data center expansion. Investors expressed concern over the company's aggressive spending strategy and a $30 billion debt issuance. Source: ‘Two words’ wipe $29 billion of... in over two years on Billionaires Index
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