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How Mark Zuckerberg lost $3 billion in a single day
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 investorsthat 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.
Related: Mark Zuckerberg’s Palo Alto home plan rejected
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.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
