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Florida’s Republican Governor Ron DeSantis is announcing his 2024 presidential campaign today during a Twitter Spaces live stream with Elon Musk. David Sacks, Republican donor and ally of both DeSantis and Musk, is set to moderate the event. DeSantis has been polling behind Donald Trump thus far, as rights groups warn of a DeSantis presidency amid his mounting attacks on LGBTQ people, Black people, reproductive rights and immigrants in Florida.

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Mark Zuckerberg ‘s net worth plummets by more than $18 billion from Meta stock drop

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Mark Zuckerberg 's net worth plummets by more than  billion from Meta stock drop

Meta Platforms CEO Mark Zuckerberg speaks about the Facebook News feature at the Paley Center For Media in New York on Oct. 25, 2019.

Drew Angerer | Getty Images News | Getty Images

Mark Zuckerberg‘s net worth plunged by $18 billion Thursday after comments from the Meta CEO on the earnings call sent his company’s stock price to its steepest decline since October 2022.

Meta beat expectations on revenue and profit but delivered a lighter-than-expected revenue forecast. Zuckerberg told investors that the company would continue to spend billions of dollars investing in areas like artificial intelligence and the metaverse, even though Meta counts on advertising for 98% of its revenue.

“We’ve historically seen a lot of volatility in our stock during this phase of our product playbook where we’re investing in scaling a new product but aren’t yet monetizing it,” Zuckerberg said on the call.

Zuckerberg owns around 345 million Class A and B shares. With the stock falling by $52.12 on Thursday, the value of his stake sank by about $18 billion to $152 billion by the close of trading.

The 39-year-old programmer founded the company in his Harvard dorm room in 2004, and rebranded it from Facebook to Meta in 2021, signaling to investors his plan to focus on the non-existent metaverse.

Meta’s Reality Labs division, which houses the hardware and software for developing the metaverse, has posted cumulative losses of $45 billion since 2020, when the company first separated the unit in its financials.

Meta said it plans to spend $35 billion to $40 billion Meta on capital expenditures this year, an increase from its prior forecast.

Zuckerberg’s fortune has swung up and down through the years, as his company’s stock has been particularly volatile. His net worth fell by around $100 billion in 2022. In early 2023, he announced Meta would embark on a “year of efficiency,” a move that helped the stock price triple for the year, and bringing Zuckerberg’s net worth up with it.

Thursday wasn’t the worst day for Zuckerberg’s bank account. In early 2022, he lost almost $30 billion in a single day, when his company’s stock price tumbled 26% on weak earnings and disappointing guidance.

WATCH: Meta’s AI venture is good long-term investment

Meta's AI venture is a good long-term investment, says Raymond James' Josh Beck

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MLB bringing back Players Weekend in August

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MLB bringing back Players Weekend in August

For the first time since 2019, MLB will dedicate three days in August to players, focusing on showcasing them beyond their stats and on-field performances, according to a release distributed Thursday.

From Aug. 16-18, a different aspect of players’ lives will be highlighted through in-stadium events, game broadcasts and social media.

Day 1 (Aug. 16) will feature their personalities, friendships and off-the-field interests. Day 2 will focus on their charitable causes, and Day 3 will celebrate the people who helped them on their path to the big leagues, including parents, coaches and other mentors.

During the weekend, players will wear special New Era caps featuring each players’ uniform number on the side panel in a “youthful design,” according to the release. Players also will be able to use customized bats during the games and can wear cleats with personalized designs as well.

MLB is calling the three days a “reimagined Players’ Weekend” as its previous incarnation, from 2017 to ’19, featured specially designed uniforms with player nicknames on the back of their jerseys.

The goal of the weekend is to reach younger audiences, which have been growing over the past several years. According to league data, the median age of ticket purchasers has dropped from 51 to 45 since 2019, while ticket buyers from ages 18-35 has increased by almost 10% during the same timeframe. MLB is hoping that trend continues.

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Dusty Baker wins Baseball Digest lifetime award

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Dusty Baker wins Baseball Digest lifetime award

NEW YORK — Dusty Baker has won the fourth Lifetime Achievement Award presented by Baseball Digest.

The beloved Baker retired following the 2023 season after spending 56 years in the majors as a player, coach and manager. He was honored Thursday with an annual distinction that “recognizes a living individual whose career has been spent in or around Major League Baseball and who has made significant contributions to the game.”

Willie Mays won the inaugural award in 2021, followed by Vin Scully in 2022 and Joe Torre last year.

“Receiving this award is a tremendous honor,” 74-year-old Baker said in a news release. “I never thought that I’d be in the class of the people that received this award. I know that my late mom and dad would be proud of me. This is really special.”

Baker broke into the big leagues as a teenager with the Atlanta Braves in 1968 and played 19 seasons. He made two All-Star teams, won two Silver Slugger awards and earned a Gold Glove in the outfield.

He was the 1977 NL Championship Series MVP and finished fourth in 1980 NL MVP voting before helping the Los Angeles Dodgers win the 1981 World Series.

After his playing career, Baker was a coach for the San Francisco Giants 1988-92 and then became their manager in 1993. He won the first of his three NL Manager of the Year awards with the Giants that season and spent 26 years as a big league skipper, also guiding the Chicago Cubs, Cincinnati Reds, Washington Nationals and Houston Astros.

Baker took all those teams to the playoffs, winning 10 division crowns, three pennants and finally a World Series championship in 2022 with the Astros. He ranks seventh on the career list with 2,183 wins and is the only manager in major league history to lead five franchises to division titles.

In January, he returned to the Giants as a special adviser to baseball operations.

“On behalf of Major League Baseball, I am honored to congratulate Dusty Baker as the 2024 recipient of Baseball Digest’s Lifetime Achievement Award. He joins an incredible club,” commissioner Rob Manfred said. “Dusty represents leadership, goodwill, and winning baseball. His ability to connect with others, across generations, is second to none. He is a championship manager and player. But, most importantly, Dusty is an extraordinary ambassador for our national pastime.”

Baker was selected in voting by an 18-member panel from a list of candidates that also included Bob Costas, Sandy Koufax, Tony La Russa, Jim Leyland, Rachel Robinson and Bud Selig, among others.

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