Thursday, 26 July 2018

Mark Zuckerberg's net worth drops over $15 billion today as Facebook's shares get pounded



Mark Zuckerberg's wallet just got much lighter today. Like $15 billion lighter. After the stock market closed yesterday, Facebook reported higher than expected second quarter earnings, although revenue fell short of the figure Wall Street was looking for. If that was all Facebook announced, the stock might have actually gone up today. However, due to the cost of new privacy initiatives that the company is putting in place, Facebook lowered its expectations for future profits.

That news sent Facebook investors scurrying to their phones this morning in order to dump the ...

No comments:

Post a Comment