Facebook loses $20 billion within hours

Mark Zuckerberg’s personal fortune plummeted by nearly $7 billion in a few hours, dropping him to the bottom of the list of the world’s richest people, According to media reports, Facebook lost as much as $20 billion, and its market value fell to $967 billion.

The agency indicated that this decline came after the sudden cessation of the Facebook, Instagram, and WhatsApp applications, in addition to the leaked documents that accused Facebook of favoring making profits over the interests of users.

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The sell-off sent Facebook shares down about 5% on Monday, plunging Zuckerberg’s fortune to $120.9 billion, placing him fifth on the Bloomberg Billionaires Index.

The Facebook founder has lost about $19 billion in wealth since September 13, when his fortune was close to $140 billion.

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