On Thursday, Meta Platforms Inc, formerly known as Facebook Inc, saw its stock declining, causing the internet behemoth to lose nearly $200 billion in market worth in a single day. This comes after Wednesday’s loss of about one million daily active users for the Facebook app.

Kotak took to Twitter to discuss the world approaching a “new normal,” as well as the “fragility and fickleness of our times,” in response to the tech giant’s fall.

According to the 62-year-old, the amount Meta lost in a single day is equal to the total value of India’s largest corporation.

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! On Twitter, Kotak expressed his thoughts.

On his Tweet, Anand Mahindra remarked, “Uday, I believe that apart from an environment of endemic volatility, it’s also a sign that, in the longer term, Phygital business models are more stable. An underlying anchor of ‘live’ interactions/transactions provides more durability.”

The Mumbai-based business conglomerate went on to say that Zuckerberg’s company’s remarkable day was an indication that Phygital firms are more reliable in the long run.

The sharp drop in Meta’s shares, which owns Facebook, Instagram, and WhatsApp, was a first for the digital giant, and it created stock market hiccups throughout the day.

Mark Zuckerberg’s personal wealth was impacted by the largest single-day decline in market value, as the CEO of Meta lost about $29 billion in a single day.

 He shared photos of Dattatraya Lohar and his family receiving the new automobile on Twitter.

Dattatraya built the vehicle from scratch to fulfil his son’s request, investing Rs 60,000 in the process. It was, however, meant to be barred from plying by the local authorities at any point because it did not comply with laws. Dattatraya’s craftsmanship and desire for mobility were recognised by Anand Mahindra, who offered him a brand-new Mahindra Bolero in exchange for the handcrafted car.

Anand Mahindra Tweeted while presenting the car, “Delighted that he accepted the offer to exchange his vehicle for a new Bolero. Yesterday his family received the Bolero & we proudly took charge of his creation. It will be part of our collection of cars of all types at our Research Valley & should inspire us to be resourceful.

In a tweet by Anand Mahindra, he mentioned, Six young men made their debuts in the recent historic series #INDvAUS (Shardul’s 1 earlier appearance was short-lived due to injury)They’ve made it possible for future generations of youth in India to dream & Explore the Impossible (1/3)

Theirs are true ‘Rise’ stories; overcoming daunting odds in the pursuit of excellence. They serve as an inspiration in all arenas of life. It gives me great personal pleasure to gift each of these debutants an All New THAR SUV on my own account—at no expense to the company. (2/3)

The reason for this gift is to exhort young people to believe in themselves & ‘Take the road less traveled.’ Bravo Mohammed, Shardul, Shubhman,Natarajan,Navdeep & Washington! I now plead with@Mahindra_Auto to get them their THARS on priority. Smiling face with smiling eyes (3/3)

Anand Mahindra announced this special gift on the victory to the six players of the team, as they performed brilliantly in the historic win of the series in Australia.