MARK Zuckerberg saw almost £70billion wiped off the value of his media giant Meta yesterday.
The company, which owns Facebook, Instagram and WhatsApp, has been hit by a global advertising downturn.
Profits have fallen to £3.8billion from £7.95billion in the same period last year.
The news led to Meta shares dropping 20 per cent yesterday – they are down around 70 per cent from the beginning of this year.
Founder Zuckerberg admitted the company was facing “near-term challenges”.