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.

 

 

 

Articles You May Like

5 Ways Entrepreneurs Can Boost Their Visibility with Affiliate Marketing
Elon Musk Hints at Subscription Paywall for X, Says It Is ‘Only Way’ to Tackle ‘Army of Bots’
AI vs. a Human Touch: Finding The Right Balance When It Comes to Branding
6 maneras de hacer branding para que tu startup destaque en redes sociales
Why Reporting and Analytics Tools Are the Top Budget Priority for Marketers Today

Leave a Reply

Your email address will not be published.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