OUCH: Mark Zuckerberg just lost $9 billion in wealth

[Bourbon]

Mark Zuckerberg's wealth has tumbled by more than $9 billion over the past 48 hours.
This weekend, the Facebook founder was the fourth richest man in the world. Now, he will be sixth or seventh.
His wealth loss over the past two days is greater than the entire net worths of all but 170 of the world's more than 1,000 billionaires.
Robert Frank Published 1 Hour Ago Updated 14 Mins Ago

Mark Zuckerberg's wealth status has changed — he's lost more than $9 billion in stock wealth over the past 48 hours.

Zuckerberg, who owns a little over 400 million shares of Facebook, has seen his wealth drop to around $66 billion from $75 billion since the stock opened on Monday morning, according to the Bloomberg Billionaire's Index and Forbes. This weekend, he was the fourth richest man in the world. Now, he will be sixth or seventh.

Of course, losing $9 billion here and there are the least of Zuckerberg's worries, with Facebook under attack for the improper sharing of member data. But the loss shows just how costly the scandal has become for Facebook and its founder. Not to mention its millions of other shareholders.

https://www.cnbc.com/2018/03/20/mark-zuckerberg-just-lost-9-billion-in-wealth.html

But looks at the bright side, he had 9 Billion to loose in the first place

 

[canceled.2021.1]

so what?

I am not related to him and I don't use Facebook

We don't need regulations on Facebook. We need people to know what is going on and they can change their own personal habits and choose to use or not use Facebook. It isn't complicated.

 

[Bourbon]

so what?

I am not related to him and I don't use Facebook

We don't need regulations on Facebook. We need people to know what is going on and they can change their own personal habits and choose to use or not use Facebook. It isn't complicated.

I'm not related to Trump and I didn't Vote for him ... so ....

But I agree ... people are Stupid when it comes to FB

Hell I'm getting pissed that LinkedIN has way too much advertisements

 

[Nordberg]

He has lost nothing until he sells.

 

[PostmodernProphet]

I'm not related to Trump and I didn't Vote for him ... so ....

so....you won't be getting any of his money.....

 

[Airstrip One]

so what?

I am not related to him and I don't use Facebook

We don't need regulations on Facebook. We need people to know what is going on and they can change their own personal habits and choose to use or not use Facebook. It isn't complicated.

Then don't click on the thread.

 

[Bourbon]

He has lost nothing until he sells.

Yea ... that's good response to the shareholders works for me.

 

[canceled.2021.1]

Then don't click on the thread.

go fuck yourself

 

[Bigdog]

He has lost nothing until he sells.

You didn't build THAT ... Zuckerberg!

- Pocohantas

 

[Cancel 2020.1]

If I was him, I would have sold ages ago. So few things on the internet are permanent - Myspace was huge, then disappeared.

He still has an endless supply of money, though.

 

[Cancel 2018.1]

I'm not related to Trump and I didn't Vote for him ... so ....

But I agree ... people are Stupid when it comes to FB

Hell I'm getting pissed that LinkedIN has way too much advertisements

I started a FB and a linkedin and deleted them shortly thereafter. Apparently there's all kinds of people out there googling my name and had people I didn't even particularly care for from 30+ yrs. ago suddenly wanting to be my BFF or colleague or whatever.
Anybody that knows where I live can google me, get my business website and call the office if they want to find out what I'm up to.

 

[cawacko]

If I was him, I would have sold ages ago. So few things on the internet are permanent - Myspace was huge, then disappeared.

He still has an endless supply of money, though.

It's a catch 22 situation. What message would he be sending investors if he unloads large portions of his stock? Not to mention the opportunity cost for that guy...

 

[Bourbon]

I started a FB and a linkedin and deleted them shortly thereafter. Apparently there's all kinds of people out there googling my name and had people I didn't even particularly care for from 30+ yrs. ago suddenly wanting to be my BFF or colleague or whatever.
Anybody that knows where I live can google me, get my business website and call the office if they want to find out what I'm up to.

That's the down side of LinkedIN, is should be Business ONLY!

 

[evince]

He has lost nothing until he sells.

future profits

 

[Truth Detector]

Mark Zuckerberg's wealth has tumbled by more than $9 billion over the past 48 hours.
This weekend, the Facebook founder was the fourth richest man in the world. Now, he will be sixth or seventh.
His wealth loss over the past two days is greater than the entire net worths of all but 170 of the world's more than 1,000 billionaires.
Robert Frank Published 1 Hour Ago Updated 14 Mins Ago

Mark Zuckerberg's wealth status has changed — he's lost more than $9 billion in stock wealth over the past 48 hours.

Zuckerberg, who owns a little over 400 million shares of Facebook, has seen his wealth drop to around $66 billion from $75 billion since the stock opened on Monday morning, according to the Bloomberg Billionaire's Index and Forbes. This weekend, he was the fourth richest man in the world. Now, he will be sixth or seventh.

Of course, losing $9 billion here and there are the least of Zuckerberg's worries, with Facebook under attack for the improper sharing of member data. But the loss shows just how costly the scandal has become for Facebook and its founder. Not to mention its millions of other shareholders.

https://www.cnbc.com/2018/03/20/mark-zuckerberg-just-lost-9-billion-in-wealth.html

But looks at the bright side, he had 9 Billion to loose in the first place

Is there a point to this post?

 

[Bourbon]

If I was him, I would have sold ages ago. So few things on the internet are permanent - Myspace was huge, then disappeared.

He still has an endless supply of money, though.

That's because there's an Endless Supply of Idiots

 

[Truth Detector]

If I was him, I would have sold ages ago. So few things on the internet are permanent - Myspace was huge, then disappeared.

He still has an endless supply of money, though.

You do realize he hasn't lost a thing right?

Unlike you who have lost your mind!

 

[Bigdog]

Zuckerberg is the poster child for wealth inequality. And the Looney Left licks his ass

 

[Truth Detector]

If I was him, I would have sold ages ago. So few things on the internet are permanent - Myspace was huge, then disappeared.

He still has an endless supply of money, though.

It's a catch 22 situation. What message would he be sending investors if he unloads large portions of his stock? Not to mention the opportunity cost for that guy...

It's always funny when cawacko pretends liberals have a brain and want to debate reality.

 

[Cancel 2020.1]

It's a catch 22 situation. What message would he be sending investors if he unloads large portions of his stock? Not to mention the opportunity cost for that guy...

All true. I was thinking more in terms of actually selling the company to another business entity & retiring.