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workinclasszero

(28,270 posts)
Tue Mar 20, 2018, 01:37 PM Mar 2018

Mark Zuckerberg just lost $9 billion in wealth

Mark Zuckerberg just lost $9 billion in wealth
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
39 replies = new reply since forum marked as read
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Mark Zuckerberg just lost $9 billion in wealth (Original Post) workinclasszero Mar 2018 OP
I wish he would lose 9 billion years of freedom. Seriously. Lock Him Up! MrsCoffee Mar 2018 #1
Agree! workinclasszero Mar 2018 #2
Heart Bleeding Me. Mar 2018 #3
I feel ya workinclasszero Mar 2018 #5
Mine too. "Sarcasm" nt jrthin Mar 2018 #6
This calls for music Achilleaze Mar 2018 #4
I am still befuddled by this. If he doesnt help the russians, willingly or not Eliot Rosewater Mar 2018 #7
Ego Cattledog Mar 2018 #9
"Poor man wanna be rich, rich man wanna be king workinclasszero Mar 2018 #13
Guess i will never be rich, my mind cant work this way. Eliot Rosewater Mar 2018 #14
I'll never understand it either workinclasszero Mar 2018 #30
I assume any billionaire is sick with greed. lagomorph777 Mar 2018 #20
gosh, how will he ever get by on a meager $66 billion? anarch Mar 2018 #8
It might all be gone by the time this is done marylandblue Mar 2018 #11
What would be a damn shame huh? workinclasszero Mar 2018 #15
No money for healthcare, food for the hungry workinclasszero Mar 2018 #18
Facebook (FB:NASDAQ) poboy2 Mar 2018 #10
Good... fuck him sfwriter Mar 2018 #12
Its not enough. The thief needs to go broke. we can do it Mar 2018 #16
How will he ever live? mountain grammy Mar 2018 #17
"But what about Free Speech?". BigmanPigman Mar 2018 #19
This message was self-deleted by its author Iggo Mar 2018 #21
Yep. I'm dumb. Iggo Mar 2018 #22
He made a deal with FTC to BillyBobBrilliant Mar 2018 #23
Thats a nice slice of pie. I'll have some too. -nt poboy2 Mar 2018 #25
I think this calls for class action lawsuits. WhiteTara Mar 2018 #24
That is nothing to him. Tipperary Mar 2018 #26
Shut it down Freethinker65 Mar 2018 #27
Oh I am so very sad about this! Initech Mar 2018 #28
I dropped a quarter the other day CanonRay Mar 2018 #29
How about his stockholders though? workinclasszero Mar 2018 #31
Here: hold my beer while I subvert democracy struggle4progress Mar 2018 #32
Yeah workinclasszero Mar 2018 #33
Pobrecito... I'm sure he's protected most of his wealth, so he won't be homeless anytime soon RestoreAmerica2020 Mar 2018 #34
Good! Luciferous Mar 2018 #35
Which makes him only a multi billionare... lame54 Mar 2018 #36
I. Don't. Care. Boomerproud Mar 2018 #37
Sorry for those here who have shares Hav Mar 2018 #38
I hope he'd lose it all. dreamland Mar 2018 #39

Eliot Rosewater

(31,109 posts)
7. I am still befuddled by this. If he doesnt help the russians, willingly or not
Tue Mar 20, 2018, 01:45 PM
Mar 2018

he is still worth billions.

Why in the fuck would he do this?

 

workinclasszero

(28,270 posts)
13. "Poor man wanna be rich, rich man wanna be king
Tue Mar 20, 2018, 01:51 PM
Mar 2018
And the king ain't satisfied till he rules everything".

Bruce Springsteen, Badlands.

It works I guess. Ill personally never understand people with billions of dollars demand it all till the world starves and it still would not satisfy them!

lagomorph777

(30,613 posts)
20. I assume any billionaire is sick with greed.
Tue Mar 20, 2018, 02:12 PM
Mar 2018

There is no limit to that type of greed. There's no such thing as "enough."

 

workinclasszero

(28,270 posts)
18. No money for healthcare, food for the hungry
Tue Mar 20, 2018, 02:04 PM
Mar 2018

decent wages for the workers, social security etc, Zuckerberg has it all!

 

poboy2

(2,078 posts)
10. Facebook (FB:NASDAQ)
Tue Mar 20, 2018, 01:47 PM
Mar 2018

Facebook (FB:NASDAQ)
Export chart+ WATCHLIST
Real Time Quote | NASDAQ Last Sale Trades, Consolidated Volume | USD
Last | 1:46:32 PM EDT Volume 52 week range
162.7964 -9.76 (-5.66%)

Response to workinclasszero (Original post)

BillyBobBrilliant

(805 posts)
23. He made a deal with FTC to
Tue Mar 20, 2018, 02:17 PM
Mar 2018

pay $40,000 for each breach...
Let us see...
$40,000 x 50,000,000=$2,000,000,000,000 (as in trillion).

I'll take my $40K anytime.

RestoreAmerica2020

(3,435 posts)
34. Pobrecito... I'm sure he's protected most of his wealth, so he won't be homeless anytime soon
Tue Mar 20, 2018, 02:57 PM
Mar 2018



[Pobrecito:poor little boy]

Hav

(5,969 posts)
38. Sorry for those here who have shares
Tue Mar 20, 2018, 03:28 PM
Mar 2018

but I hope that is only the beginning. I assume many will (hopefully) reconsider their use of Facebook. When I read that those at Facebook who wanted to go public about Russian influence were blocked to do so, then I'd be glad if Facebook goes down.

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