Mark Zuckerberg loses R105 Billion in a few hours


Mark Zuckerberg is the talk of the town as personal wealth has fallen by nearly $7 billion (R105 billion) in a few hours, knocking him down a notch on the list of the world’s richest people.

This is coming after the worldwide shut down of Facebook, Instagram and WhatsApp.

A sell-off sent the social media giant’s stock plummeting around 5% on Monday, which has sent it down 15% since mid-September.

Monday’s stock crash reduced Zuckerberg’s value to $ 120.9 billion, placing him at No. 5 on the Bloomberg Billionaires Index under Bill Gates.

He has lost about $ 19 billion in net worth since Sept. 13, when he was worth nearly $ 140 billion, according to the Index.

The reports came to the attention of government officials and the whistleblower came out on Monday.

In response, Facebook has emphasized that the problems its products face, including political polarization, are complex and not caused by technology alone.

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