The 27% reduction in the company's share price which occurred in reaction to the news eliminated some $230 billion of value from Meta's market capitalization.[54] Bloomberg referred to the decline as "[...] an epic rout that, in its sheer scale, is unlike anything Wall Street or Silicon Valley has ever seen".[54] Mark Zuckerberg's net worth fell by as much as $31 billion due to the decline.[55] Zuckerberg controls 13% of Meta, and the holding makes up the bulk of his wealth.[56]