Social Media

Facebook CEO Mark Zuckerberg’s Net Worth Dropped by $7 Billion in One Day

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media.

Between whistleblower revelations and the widespread outages of Facebook, Instagram and WhatsApp, Mark Zuckerberg had a very bad Monday.

According to reporting by Bloomberg’s Scott Carpenter, Zuckerberg’s net worth took a massive $7 billion hit due to a stock selloff. He’s down 5% to $120.9 billion, so maybe don’t shed too many tears. Zuckerberg’s net worth is down nearly $20 billion from a high of $140 billion just a few weeks ago, according to the Bloomberg Billionaires Index. The decline in Zuckerberg’s net worth moved Bill Gates up to the fourth spot. 

The Facebook, Instagram and WhatsApp outages come on the heels of a bombshell 60 Minutes episode in which Frances Haugen revealed herself as the whistleblower who released thousands of pages of private Facebook documents to the Wall Street Journal and federal government detailing how its platforms amplify hate, misinformation and public unrest. 

Learn the latest on the outages and what users can expect here.

 

 

 

Products You May Like

Articles You May Like

New Meta privacy updates for teens
3 Timeless Elements of Storytelling That Will Grow Your Business
4 Tips to Increase Your Conversion Rates and Reach Your Full Revenue Potential
Google publishes document on more notable ranking systems
Why You Shouldn’t Take a Course to Learn Growth Marketing — and What You Should Do Instead

Leave a Reply

Your email address will not be published. Required fields are marked *