Facebook’s parent company, Meta, has lost over US$230 billion in value, to mark one of the biggest stock price drops in US history.

The loss was triggered due to a 26 per cent dip in demand to open the trading on the US stock market on Thursday.

The stock’s free fall also saw a massive plunge in founder Mark Zuckerberg’s net worth, wiping out over US$29 billion, to relegate the social media mastermind to US$92 down from US$120 billion.

The loss in personal profits is only second to Tesla’s co-founder’s Elon Musk US$31 billion loss earlier in the year.

The drop has forced the 37-year-old outside of the Forbes top ten richest people in the world for the first time since 2015.

Meta’s loss comes in a time where it struggles to maneuver multiple regulatory scrutinies, as well as diminishing earnings with the increased popularity of competitors Tik Tok and YouTube who have experienced strong gains among younger users.