July 13, 2020

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Mark Zuckerberg loses $7 billion, FB shares drop

Mark Zuckerberg (AP)

NEW YORK: Mark Zuckerberg became $7.2 billion poorer after a flurry of firms pulled advertising from Facebook. Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever and Coca-Cola, two of the world’s largest advertisers, joined other brands like Verizon in boycotting ads on the social network.
The share-price drop eliminated $56 billion from Facebook’s value and pushed Zuckerberg’s net worth down to $82.3 billion.

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