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Mark Zuckerberg lost $16.8 billion in a snap when Facebook tanked last night
Update: Facebook shares plunge 18 per cent on the open Mark Zuckerberg is counting the cost of user disenchantment with Facebook Inc. His fortune tumbled by US$16.8 billion in late trading Wednesday, as shares of the social media giant slid 20 per cent at 5:37 p.m. in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his US$13.7 billion of gains for the year, leaving him with just less than US$70 billion. Second-quarter revenue and average daily visitors fell short of analysts’ estimates, ... (full story)
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