The biggest single-day drop in market value also put a dent on Mark Zuckerberg's personal wealth as the CEO of Meta lost almost $29 billion in a day
"Facebook Meta market value dropped ~$240 bn (18 lakh crores) in a day. That is more than the total value of India’s largest company. It highlights the fragility and fickleness of our times. Welcome to the never normal world!" Kotak wrote on Twitter.
The businessman's tweet, which was shared over 1.5K times on the microblogging platform, kickstarted a conversation between him and Mahindra, who expressed his thoughts on Phygital business models.
