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.

Also Read: Britain start the deployment of the army to face the shortage of fuel

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.

Adil Khan

Adil Khan writes about International Affairs for Beganet news organization, out of Kuwait. Adil Khan is a senior reporter for Beganet.com and has frequently written about the latest developments in the State of Kuwait. Adil Khan is available on Facebook at the below link, Please send in your leads and tips.
View All Articles