Top Social Icons

Responsive Full Width Ad

Left Sidebar
Left Sidebar
Featured News
Right Sidebar
Right Sidebar

Friday, 4 November 2016

CNN: Mark Zuckerberg lost $3 billion in a single day after Facebook Warning

Friday 4 November, 2016

Mark Zuckerberg had a terrible, horrible, no good, very bad day.

The Facebook founder suffered a $3 billion loss in the value of his Facebook stock on Thursday, one of the largest single-day losses ever for an individual investor.

Facebook (FB, Tech30) shares plunged 5.5% after the chief financial officer warned investors that the company expects revenue growth from advertising to "come down meaningfully."

Zuckerberg holds 418 million shares of Facebook stock -- still good for about $50.2 billion.

Related: Biafra: Radio Biafra Facebook Attack is Mark Zuckerberg's Signature: But in the end IPOB Must win-By Okoro Austine

Bloomberg estimates Zuckerberg's total net worth at $52.2 billion, ranking him as the fifth-richest man in the world, just behind Warren Buffett. And despite Thursday's plunge, Facebook shares are up nearly 15% for the year, lifting Zuckerberg's net worth by $6.4 billion.

Source: CNN

1 comment

  1. Do you need an extra income? Search the website Superior Trading System. The people there are good and approachable. They will help you learn how to trade.


Responsive Full Width Ad

Copyright © 2018 The Biafra Times