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Zuckerberg Loses $7 Billion In Hours As Facebook Plunges - Investment - Nairaland

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Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by IsaacRocks(m): 8:42pm On Oct 04, 2021
Stock slide knocks his net worth down to $120.9 billion

Mark Zuckerberg’s personal wealth has fallen by nearly $7 billion in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc.’s flagship products offline.

A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.

The stock slide on Monday sent Zuckerberg’s worth down to $120.9 billion, dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. He’s lost about $19 billion of wealth since Sept. 13, when he was worth nearly $140 billion, according to the index.

On Sept. 13, the Wall Street Journal began publishing a series of stories based on a cache of internal documents, revealing that Facebook knew about a wide range of problems with its products — such as Instagram’s harm to teenage girls’ mental health and misinformation about the Jan. 6 Capitol riots — while downplaying the issues in public. The reports have drawn the attention of government officials, and on Monday, the whistleblower revealed herself.

In response, Facebook has emphasized that the issues facing its products, including political polarization, are complex and not caused by technology alone.

“I think it gives people comfort to assume that there must be a technological or a technical explanation for the issues of political polarization in the United States,” Nick Clegg, Facebook’s vice president of global affairs, told CNN.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/zuckerberg-loses-7-billion-hours-180950725.html

5 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by xpressionx(m): 8:43pm On Oct 04, 2021
Ok

1 Like

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by iHart(m): 8:45pm On Oct 04, 2021
E don dey happen

13 Likes 1 Share

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by hybrid11(m): 8:46pm On Oct 04, 2021
That one that has disabled more than 4 of my fb account
He should be even removed as CEO
Retire him

171 Likes 11 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by EkelediliBuhari: 8:51pm On Oct 04, 2021
Buy the dip grin grin

And pray say no be deep shit grin grin

127 Likes 9 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by wkid(m): 8:54pm On Oct 04, 2021
Crazy.

Vendors, ecommerce merchants and millions of people worldwide will also lose money too

Even small business owners like us that sell PC games.

https://www.nairaland.com/1035742/garnet-pc-games-sale-cheapest

9 Likes 1 Share

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by JayTripz(m): 8:54pm On Oct 04, 2021
Omooooo!!!!

Well, he never affect me in anyway for now Sha... although I don send some messages way never deliver since 5pm....I just de call my people to check on them....At least nor be NIN de worry us..We are still good grin grin

I go Do NIN later when Dem de hawk am 100 naira

14 Likes 4 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Starz825(m): 8:54pm On Oct 04, 2021
Guy...
Wetin happen na grin

2 Likes 2 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by tutudesz: 8:54pm On Oct 04, 2021
Stock exchange can make you the richest man in the world and can also make you the poorest too.
That why I respect Adenuga for not listing Glo on NSE

100 Likes 6 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by slawormiir: 8:54pm On Oct 04, 2021
Damnnn niggarrrr
Hahha.....he pain am for chest
Very good....make him feel the pain way boys dey feel for the streets

After you don suffer open face book and edit finish....within seconds him go bring am down

If them like them come back ......if them like make them nor come back

After all Facebook and Instagram nor dey green allow boys huzzle

If na wechat crash na....ehnnnn...my mind go dey....he go pain me for chest

99 Likes 9 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by LegendHero(m): 8:55pm On Oct 04, 2021
hybrid11:
That one that has disabled more than 4 of my fb account
He should be even removed as CEO
Retire him

Lol. Go and use virtual desktop.

5 Likes 2 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by alienvirus: 8:55pm On Oct 04, 2021
If our Nigerian pastors had predicted this Facebook shutdown. Wow!

3 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by HalpyBee(f): 8:55pm On Oct 04, 2021
I think this is the longest time for WhatsApp, Facebook, and Instagram to be down all at once. It's running to hours now.

26 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Teaser4(m): 8:55pm On Oct 04, 2021
Ok
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by younglleo: 8:55pm On Oct 04, 2021
j
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Mrjonah(m): 8:55pm On Oct 04, 2021
Ok
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Bbqekpa: 8:55pm On Oct 04, 2021
Good for him.
Seun is next.
Who's that mod that is always quick to ban someone whenever manabbq reports? Are you guys on pay roll?

30 Likes 2 Shares

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by GREATESTPIANIST: 8:55pm On Oct 04, 2021
Wow, see money
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Numerouno94(m): 8:55pm On Oct 04, 2021
Donald Trump will b laughing at Mark now. grin grin

33 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by saferoom: 8:55pm On Oct 04, 2021
Millions of Facebook/Whatsapp/Instagram based businesses will lose more

10 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by brownemmanuel43(m): 8:55pm On Oct 04, 2021
Well, life goes on, if they like let them restore it, if them like let them leave it, so far I can go online do some research and read a lot of articles, I'm good to go

5 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Franzinni: 8:55pm On Oct 04, 2021
Pocket watchers are on full gear.
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by GREATESTPIANIST: 8:55pm On Oct 04, 2021
shocked

1 Like

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by dierich: 8:55pm On Oct 04, 2021
Lie
Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Holamilekan97(m): 8:55pm On Oct 04, 2021
Time to buy the dip cool

7 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by GeneralPula: 8:56pm On Oct 04, 2021
No cause for alarm..
Everything will be back to normal soon..

3 Likes

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by Codebite: 8:56pm On Oct 04, 2021
Life was much more better prior to the existence of social networks.

Now people live fake lives all because of cheap likes and views

35 Likes 1 Share

Re: Zuckerberg Loses $7 Billion In Hours As Facebook Plunges by NwaNimo1(m): 8:56pm On Oct 04, 2021

7 Likes 1 Share

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