Zuckerberg $ 5 billion poorer after Facebook debacle

Zuckerberg $ 5 billion poorer after Facebook debacle

World March 20, 2018 07:48

- Mark Zuckerberg lost $ 5 billion after The fall of Facebook on the stock market thanks to the scandal with abused data.

The share recorded a strong loss of share on Monday evening, rising to 6.8%. Facebook itself held a market value of $ 501 billion.

Zuckerberg owns $ 70 billion in Facebook shares at the closing price of Monday night.

Investors turned against the social network after Facebook had to acknowledge that data of fifty million users have been abused by the Cambridge Analytics company for President Trump's campaign.

It is striking that Zuckerberg sold half a million shares of Facebook last week, when the debacle still had to be announced. He would have earned about $ 85 million. In response, the head of security at Facebook has stepped off.

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