Zuckerberg Loses More Than $15bn in Record Facebook Fall

Zuckerberg Loses More Than $15bn in Record Facebook Fall

Facebook could potentially lose $151 billion in market capitalization when trading opens on the New York Stock Exchange on Thursday, 26 July.

Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company.

The company's stocks dropped to $176.26, an overall 19 percent decrease in market value. Unfortunately, Facebook's spokeswoman declined to release a further comment about the ongoing complaint.

"It can notify a user when an unsolicited message was sent from a Messenger account that's not paired with an official Facebook one", The Verge reported.

Facebook Inc Chief Executive Officer Mark Zuckerberg's fortune took an nearly $16 billion hit on Thursday, as the social media giant headed for the biggest one-day wipeout in US stock market history, a day after executives forecast years of lower profit margins.

Rudy Giuliani blasts Michael Cohen, calls former Trump fixer a 'pathological liar'
Rudy Giuliani has revealed that Michael Cohen has 183 recorded conversations and President Trump is on 11 or 12 of them. The moves suggest Cohen is looking for a way out of looming trouble.

Facebook suspends Trump-supporting conspiracy theorist Alex Jones
In extreme theories, he has suggested that the September 11, 2001, attacks on NY and Washington were staged by the government. YouTube issued a strike against his account over four videos that did not abide by Google's guidelines for uploaded content.

Clyne and Keita out of Liverpool tour
Clyne's return to first team action has been called to a premature, but temporary stop however, with the right back having to fly home.

Earlier this year, Facebook was embroiled in the Cambridge Analytica scandal, and took big steps to make the platform more personal and secure immediately after.

Zuckerberg had been tied with Warren Buffett as the world's fourth-richest person, but the Berkshire Hathaway Inc (BRKa.N) chairman's current $83 billion fortune tops Zuckerberg's $66 billion, Forbes magazine said.

This allowed Buffer to rank third among the world's billionaires, while Zuckerberg ends up in the sixth spot.

Facebook shares fell another 0.8 percent on Friday, closing at $174.89 on the Nasdaq. The sell-off followed an earnings report showing growth in users and ad revenue had been slower than expected.

But Facebook having fared well on the stock markets, most investors were not unduly bothered about Zuckerberg's leadership.

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