Kathmandu. Meta founder Mark Zuckerberg’s net worth has dropped by nearly $25 billion since the Trump administration raised tax rates. \u00a0 O<\/p>\n
Shares of Meta plunged more than 10% on the US securities market on Wall Street on Thursday as higher tax burdens directly impacted net profits. The contraction is the company’s biggest one-day loss this year. <\/p>\n
Shares of Meta fell 12.3% to $658.50 a share after the stock market opened on Thursday morning after Meta’s quarterly earnings beat Wall Street experts’ forecasts. The price is the biggest one-day loss for the stock since a 24.5 percent drop in October 2022. <\/p>\n
Meta reported third-quarter earnings per share on Wednesday, beating economists’ estimate of $6.72 per share earnings per share by 84 percent. According to FactSet, despite a turnover of $51.2 billion, there was an 83 percent decline in earnings per share (EPS) compared to the previous year ($6.03), above estimates of $49.5 billion. <\/p>\n
Earnings per share have shrunk due to the addition of a one-time tax burden of $15.9 billion due to US President Donald Trump’s sweeping tax bill. Meta expects a “significant reduction” in U.S. federal cash tax payments for the remainder of 2025 and future years. Meta said in a press release that the earnings per share would have been 7.25 percent had the government not had to pay additional taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kathmandu. Meta founder Mark Zuckerberg’s net worth has dropped by nearly $25 billion since the Trump administration raised tax rates. \u00a0 O Shares of Meta plunged more than 10% on the US securities market on Wall Street on Thursday as higher tax burdens directly impacted net profits. The contraction is the company’s biggest one-day loss […]<\/p>\n","protected":false},"author":5,"featured_media":240009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45167,45044,45159],"tags":[],"class_list":["post-274265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-technology-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/274265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=274265"}],"version-history":[{"count":0,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/274265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/240009"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=274265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=274265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=274265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}