After Facebook took a huge stumble on the market late Thursday, Mark Zuckerberg woke to find out how much did he personally lose in the drop.
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The reported $16.8 billion drop would also wiped out the $13.7 billion that he earned this year, dropping his current worth to about $70 billion. It’s nothing to sneeze at for Zuckerberg but it could be the biggest single day drop in stock market history, besting Intel’s $91 million drop and Microsoft’s $77 billion drop.
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Per Bloomberg, Second-quarter revenue and average daily visitors fell short of analysts’ estimates, according to a statement from the Menlo Park, California-based company. Revenue increased 42 percent to $13.2 billion, missing the $13.3 billion Wall Street consensus. The company is grappling with new data laws in Europe, criticism over its content policies and privacy issues.
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