How Mark Zuckerberg Lost $3 Billion In A Single Day - Business - Nairaland
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| How Mark Zuckerberg Lost $3 Billion In A Single Day by mailjoelig: 2:34pm On Nov 04, 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.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. http://money.cnn.com/2016/11/04/technology/mark-zuckerberg-3-billion-dollar-loss/index.html?sr=twCNN110416mark-zuckerberg-3-billion-dollar-loss0120PMVODtopLink&linkId=30701741 |
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