Zuckerberg loses RM29bil in hours as Facebook plunges


The stock slide on Monday sent Zuckerberg’s worth down to US$120.9bil (RM505bil), dropping him below Bill Gates to No. 5 on the Bloomberg Billionaires Index. — Getty Images/TNS

Mark Zuckerberg’s personal wealth has fallen by nearly US$7bil (RM29bil) in a few hours, knocking him down a notch on the list of the world’s richest people, after a whistleblower came forward and outages took Facebook Inc’s flagship products offline.

A selloff sent the social-media giant’s stock plummeting around 5% on Monday, adding to a drop of about 15% since mid-September.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Cryptoverse: U.S. election punters play the prediction markets
Coordinated efforts, shared learning among OIC states essential for digital transformation, says Fahmi
Securities Commission blocks 300 sites pushing illegal investment schemes
EU to assess if Apple's iPad OS complies with bloc's tech rules
Facebook, Nvidia ask US Supreme Court to spare them from securities fraud suits
Rumours, lies and disinformation: ‘A lot of crazy’ in US election
TV screens are getting bigger as technology improves and prices fall
Malaysia Airlines to start offering free WiFi on its Boeing 737-8 planes by end of 2024
French families sue TikTok over alleged failure to remove harmful content
UAE'S ADNOC to deploy autonomous AI in the energy sector for the first time

Others Also Read