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Nairaland Forum / Nairaland / General / Business / Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote (31933 Views)
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Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Nobody: 4:30am On Jul 30, 2018 |
Facebook CEO, Mark Zuckerberg Loses $16.8Billion In 2hrs, More Than Aliko Dangote’s Entire Networth Facebook CEO Mark Zuckerberg’s net worth has fallen more than $16 billion after the company was reported weaker-than-expected second-quarter results and issued guidance that its financial future isn’t as rosy as some investors thought it might be. However, set against this backdrop, one activist investor wants Zuckerberg out as the firm’s chairman. You could imagine what the could do to the company. Zuckerberg recently sparked outrage when he described Facebook’s handling of content from Holocaust deniers on the social network. He subsequently backtracked on his comments. Fake news remains an ongoing struggle for the social media giant. Earlier this week, the company was slammed by the parents of a Sandy Hook massacre victim for the hoax claims that emergedon the platform. Facebook has also been sucked into the probe into alleged Russian meddling in the 2016 presidential election. The extent of the fallout from the Cambridge Analytica scandal and the new European privacy law, known as General Data Protection Regulation (GDPR), is not yet clear. In the U.S. and Canada, Facebook’s daily active users remained flat sequentially at 185 million, while the number actually fell in Europe, falling to 279 million, down from 282 million. Citing the company’s “mishandling” of a number of crises, one activist investor has filed a proposal that Zuckerberg be removed as the company’s chairman, Fortune reports. Facebook has been firmly in the spotlight in the wake of the Cambridge Analytica data sharing scandal and has also come under intense scrutiny thanks to the proliferation of fake news on the platform, something Zuckerberg apologized for. “We have a responsibility to protect your data, and if we can’t then we don’t deserve to serve you.” – Mark Zuckerberg Prior to Facebook’s second-quarter results, Zuckerberg had a net worth of $77.6 billion, according to Forbes. After the stock selloff, Zuckerberg’s net worth fell to roughly $68.9 billion, making him worth less than Berkshire Hathaway CEO Warren Buffett. Facebook’s market cap has fallen roughly $120 billion, or the amount General Motors, Ford and Target are worth combined. On its earnings call, CFO David Wehner said sales growth is likely to decline in the next two quarters as it prioritizes new formats such as Stories (a popular feature on Instagram) and continues to invest in privacy. HERE’S WHAT HE SAID “We plan to grow and promote certain engaging experiences like Stories that currently have lower levels of monetization, and we are also giving people who use our services more choices around data privacy, which may have an impact on our revenue growth,” Wehner said on the conference call. Some Wall Street analysts were still confident about the company’s future, but admitted that things were murkier after the results, especially in light of the recent European privacy laws, which went into effect in late May. http://naijablog.ng/2018/07/30/breaking-facebook-ceo-mark-zuckerberg-loses-16-8billion-in-2hrs-more-than-aliko-dangotes-entire-networth/ ALSO READ >>>. http://naijablog.ng/2018/07/30/nigeria-international-passport-has-just-been-extended-to-10-years-validity-period/ 3 Likes 1 Share
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Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Nobody: 4:34am On Jul 30, 2018 |
Interesting |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by medexico(m): 6:35am On Jul 30, 2018 |
You for don gimme 1billion dollars, your money for no disappear. please na beg I dey beg, I wan melt. just gimme the $1b 72 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Jethrolite(m): 8:08am On Jul 30, 2018 |
medexico:If you see $1bn you will melt. 219 Likes 6 Shares |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by rozayx5(m): 11:01am On Jul 30, 2018 |
That moment dangote is your boy Like dele is to davido 63 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Emmafe(m): 11:01am On Jul 30, 2018 |
This money too loud o Check my signature for high Samsung phones |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Arewa12: 11:01am On Jul 30, 2018 |
ovoko 2 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by afroniger: 11:02am On Jul 30, 2018 |
Na wah for that kind of stupendous 'wealth' that can disappear in the twinkling of an eye. Meaning the guy can even go broke overnight by losing his entire networth the same way sef. That ain't real wealth to me jorr. It is only 'on paper' type of wealth. 53 Likes 2 Shares
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Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by W3xy1(m): 11:02am On Jul 30, 2018 |
he is going to bounce back 4 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by LesbianBoy(m): 11:02am On Jul 30, 2018 |
Hushpuppi is RICHER than both of them jare! 19 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Nobody: 11:02am On Jul 30, 2018 |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Sabadon(m): 11:03am On Jul 30, 2018 |
d way dem dey mention these kind money b like say no b same world we dey 14 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by dominique(f): 11:03am On Jul 30, 2018 |
Facebook's fortunes is dipping at an alarming rate, what could be the cause? 2 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by durubennie(m): 11:03am On Jul 30, 2018 |
okoko bioko 3 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Authoreety: 11:03am On Jul 30, 2018 |
Who is doing this subtraction and addition biko? 17 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Felixalex(m): 11:03am On Jul 30, 2018 |
This life sef |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by AllHailBiafra(m): 11:03am On Jul 30, 2018 |
Chukwu Okike Abiama is dealing with him just as I promised him on Facebook for all his conspiracies with the zoo government against IPOB and Biafra quest and for frustrating the Facebook accounts of many IPOB members including mine. This is where he's still in Genesis meaning it haven't started, let him wait till he gets to Malachi, then he would understand that no one who works against Biafra either directly, indirectly or verbally will go unpunished, it's just a matter of time. AllHailBiafra!!! 29 Likes 4 Shares
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Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Lordofthewest(m): 11:03am On Jul 30, 2018 |
Side effects of investing in technology anything could go wrong at any time..Dangote on the other hand makes his money from cement and household cooking items 7 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Sirpaul(m): 11:03am On Jul 30, 2018 |
Sometimes I just want someone to hug me and say, "I know it's hard. You are going to okay. Here is chocolate and 6 million dollars." 9 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by anuanu(m): 11:03am On Jul 30, 2018 |
Jethrolite:i want to melt sef 21 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by deepwater(f): 11:04am On Jul 30, 2018 |
I keep saying this, DANGOTE is not the richest in Nigeria. D guy no too get money like that. They are many richer guys in this Nigeria but on a super low key. 4 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by ADEWUMIMichael(m): 11:04am On Jul 30, 2018 |
choiiiii 1 Like |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by twentyk(m): 11:04am On Jul 30, 2018 |
Ehn normal thing for a bet9ja gamblers... God bless you if you are into colour colour or Ajansare aka Aja 1...all your net worth, and the money wey dey use send you message GBAM... Is gone between 2 minute.... Come let season start THEN you will see net worth for gutter 1 Like |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Assassin101: 11:04am On Jul 30, 2018 |
which also means that Dangote can go from being one of the wealthiest men to becoming a poor man that Abacha's son insinuated he was years back. Morale: stay humble, there's nothing to life worth dying for, cos no matter how it goes, you'll never make it outta here alive 22 Likes 2 Shares |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by Genesis4to(m): 11:05am On Jul 30, 2018 |
LesbianBoy:Really love ur level of stupidity.....so amazing 14 Likes |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by bedspread: 11:05am On Jul 30, 2018 |
Face book seems to be like Forex Business Thisdays! 2 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by EponOjuku: 11:05am On Jul 30, 2018 |
Jethrolite: That's 360Billion Naira. Even village people can't affect that money. 23 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by ican2020: 11:06am On Jul 30, 2018 |
he will get it back, cause info rules the world and he is neck deep in it. 4 Likes 1 Share |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by bennynaza(m): 11:06am On Jul 30, 2018 |
In otherwords, Dangote money still dey learn for where Mark Nsukkabag money dey. Anyways, I was thinking... A human came out of a human because a human came in a human. Hit like if u get this shit. 22 Likes 2 Shares |
Re: Mark Zuckerberg Loses $16.8billion In 2hrs, More Than Aliko Dangote by kunmiiii: 11:06am On Jul 30, 2018 |
Fake news is detriment and rampantly garners even more likes and shares than real news. I won't be entirely surprised if some people here still attribute this to Buhari's fault |
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