Mark Zuckerberg’s Facebook stake falls $3bn in a day
by Julia Kollewe from Technology | The Guardian on (#20CMF)
Social network's shares plunge after chief financial officer warns of slowing advertising growth
The value of Mark Zuckerberg's stake in Facebook has plunged by $3bn, after a warning of slowing advertising growth sent the social media company's share price tumbling.
The Facebook co-founder's personal wealth has been reduced by 6%, the biggest loss ever suffered by an individual shareholder, according to the Bloomberg Billionaires Index, which ranks him as the world's fifth richest person with a $52bn fortune.
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