After a whistleblower came forward and outages brought Facebook Inc.’s major products offline, Mark Zuckerberg’s personal worth dropped by more than $6 billion in a matter of hours, putting him down a notch on the list of the world’s richest people.

The shares of the social media fell 4.9 percent on Monday, extending a slide of almost 15 percent since mid-September.

The stock market decline on Monday reduced Zuckerberg’s net worth to $121.6 billion, putting him behind Bill Gates on the Bloomberg Billionaires Index at No. 5. According to the index, he has lost about $140 billion in a few of weeks.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Anger grows over ‘ideological’ crackdown on pro-Palestine protests

Student protest encampments continued at universities across the US while anger grew…

Houthi delegation arrives in Moscow

A Houthi delegation arrived in Moscow to discuss “the need to increase…

Two injured by falling debris in Abu Dhabi

Two people have been injured after debris fell in two parts of…

Israeli attacks on Gaza no longer justified as fight against Hamas: Germany

German Chancellor Friedrich Merz said on Monday that Israel’s recent attacks on…