Zuckerberg's net worth stands around $88 billion.
Shares of the company, which recently changed its name to Meta Platforms, are down over 24% mid-morning and are on pace for the biggest percentage drop in its history.
Facebook CEO Mark Zuckerberg testifies before a joint hearing of the Commerce and Judiciary Committees on Capitol Hill in Washington, Tuesday, April 10, 2018, about the use of Facebook data to target American voters in the 2016 election. In the fourth quarter, net income fell to $10.2 billion from $11.2 billion during the same period a year ago, or $3.67 versus $3.88 per share. Revenue rose to $33.6 billion from $28 billion a year ago. Daily active users rose 5% to 1.93 billion.
Meta's Reality Labs segment, which focuses on virtual and augmented reality, reported separately from its family of apps for the first time. The segment saw a fourthquarter operating loss of $3.3 billion and $877 million in revenue driven by strong holiday sales of the Quest 2 VR headset.
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