Thursday, 18 April 2019

Mark Zuckerberg lost some money

Mark Zuckerberg: The year 2018 was rough for Facebook founder over data breaches factored in by the markets. Zuckerberg lost $6.06 billion after the Cambridge Analytica revelation, where the data of 50 million users was leaked to the company. He also lost $10.3 billion after a stock rout in October 2018, and $3.6 billion when the market fell in March 2018. But the largest genie trick on his fortunes was seen in July 2018, when he a hit of $16.5 billion. The social media giant headed for the biggest one-day wipeout in US stock market history at the time after executives forecast years of lower profit margins.
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Mark Zuckerberg | The year 2018 was rough for the Facebook founder as data breaches took a toll on his wealth. Zuckerberg lost $6.06 billion after the Cambridge Analytica data leak case came to light. He lost $10.3 billion after a stock rout in October 2018 and $3.6 billion when the market fell in March 2018. But the largest genie trick on his fortunes was seen on July 26, 2018, when he took a hit of $16.5 billion. The social media giant headed for the biggest one-day wipeout in US stock market history. (Image: Reuters)


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