Facebook collapsed globally, causing Mark Zuckerberg's $ 6 billion to "fly away" in just a few hours

The sharp sell-off sent the social media giant's share price down 4.9%.

Facebook collapsed globally, causing Mark Zuckerberg's $ 6 billion to "fly away" in just a few hours
Facebook collapsed globally, causing Mark Zuckerberg's $ 6 billion to "fly away" in just a few hours

Mark Zuckerberg's fortune fell by more than $6 billion in just a few hours. Therefore, his position in the ranking of the richest people in the world has dropped one place. In addition to Facebook's "crash" last night, the cause of the decline came after a former Facebook employee named Frances Haugen asserted that the social network prioritized profits above the interests of users. .

The sharp sell-off caused the social media giant's share price to lose 4.9%, plus a roughly 15% drop since mid-September. As a result, Mark Zuckerberg's fortune has dropped. to $ 121.6 billion, bringing this billionaire's position to 5th in the ranking of the richest people in the world, behind Bill Gates. According to the Bloomberg Billionaires Index, Zuckerberg's $140 billion fortune plummeted in just a few weeks.

Facebook collapsed globally, causing Mark Zuckerberg's $ 6 billion to "fly away" in just a few hours

On September 13, the Wall Street Journal began publishing a series of content based on several internal documents, revealing that Facebook is well aware of a range of problems with its products, such as: Instagram's impact on young girls' mental health and misinformation about the January 6 Capitol riots. This information has attracted the attention of government officials.

In response to the incident, Facebook emphasized that the problems its products face, including political content, are complex and not solely due to technology. "I think people would be pleased to say that the cause of political polarization in the US is technology or technology," said Nick Clegg, Facebook's vice president of global affairs.

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