close

facebook

NEWS

Facebook CEO, loses $6 billion in 5 hours, Drops from 4th richest man to 5th richest Man in the world

As a result of a whistle-blower’s report and technical issues, Facebook Inc.’s flagship products were unavailable for hours, knocking Mark Zuckerberg down a notch on the Bloomberg Billionaires Index list of the world’s wealthiest people. As a result of the selloff, Facebook’s stock plunged 4.9% on Monday, taking its drop since mid-September to about 15%. In the Bloomberg Billionaires Index, Zuckerberg has dropped to No. 5 following the stock slide Monday. A major outage impacted many of Facebook Inc.’s 2.7 billion users, idled some of the company’s employees and prompted the CEO to apologize publicly. In the company’s family of
read full