Facebook in Crisis? Mark Zuckerberg Loses $16.8 Billion as Shares Tank
http://www.newsweek.com/mark-zuckerberg-lost-168-billion-facebook-shares-tanked-1043349
Mark Zuckerberg’s fortune tanked by more than $16 billion on Wednesday in the wake of Facebook’s second quarter financial results, which fell short of analysts’ expectations.
Shares in the California-based social networking platform plummeted by as much as 24 percent following the filing this week, swiftly wiping up to $140bn from the company’s market value. According to the Financial Times, the freefall was one of the largest after-market drops ever.