Ex-UK Deputy PM, Meta executive Nick Clegg is accused of taking bribes from adult website, claim reports

Meta, the parent company of Facebook, dropped 26.4% in its worst one-day loss, one that erased more than $230 billion off its market value.

The losses weighed on the tech-heavy Nasdaq composite, which fell 3.7%. The broader S&P 500 declined about 2.4%. It was that index’s biggest one-day decline since February 2021.

Mark Zuckerberg lost $29 billion in net worth due to the record one-day plunge. He owns about 12.8% of the tech behemoth formerly known as Facebook. Zuckerberg sold $4.47 billion worth of Meta shares last year, before 2021's tech rout.

Following the wipeout, Zuckerberg is in the twelfth spot on Forbes' list of real-time billionaires, below Indian business moguls Mukesh Ambani and Gautam Adani.

Zuckerberg's one-day wealth decline is among the biggest ever and comes after Tesla Inc top boss Elon Musk's $35 billion single-day paper loss in November.

While Zuckerberg saw losses, fellow billionaire Jeff Bezos was set to add $20 billion to his personal valuation after Amazon's blockbuster earnings.

Bezos, the founder and chairman of Amazon, owns about 9.9% of the company, according to Refinitiv data. He is also the world's third richest man, according to Forbes.

Bezos' net worth rose 57% to $177 billion in 2021 from a year earlier, according to Forbes, largely from Amazon's boom during the pandemic when people were highly dependent on online shopping.

Amazon's holiday-quarter profit surged, thanks to its investments in electric vehicle company Rivian; and the company said it would hike annual prices of Prime subscriptions in the United States, sending its shares up 15% in extended trading and readying it for its biggest percentage gain since October 2009.