Zuckerberg Loses $16.8 Billion in Facebook Stock Drop

[T-post Tom]

Zuckerberg's $16.8 Billion Wipeout Into Perspective

(Bloomberg) -- For many of the world’s richest people, losing $16.8 billion in a day would be a wipeout.

For Mark Zuckerberg, it’s just about a fifth of his net worth.

The Facebook Inc (NASDAQ:FB). co-founder, chairman and chief executive officer is set to see his wealth slide to sixth place from third on the Bloomberg Billionaires Index after the company’s shares lost of 20 percent their value in after-hours trading Wednesday, as the stock plunged following disappointing results.

It’s an evaporation of wealth so big it would have left the following multi-billionaires without a cent to their name:


Charlene De Carvalho-Heineken -- she is the biggest shareholder of the world’s second-largest brewer Heineken NV and has a net worth of about $16.7 billion

Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest family, which controls Antof@gasta (LON:ANTO) Plc (among the world’s largest copper producers)

Leonard Lauder -- chairman emeritus of Estee Lauder Cos Inc., one of the largest makers of cosmetics and fragrances globally

Zhang Zhidong -- co-founder of Tencent Holdings Ltd. and has a net worth of $16.2 billion

Elaine Marshall -- a director at Koch Industries Inc., the second largest closely held business in the U.S.

William Ding, chief executive officer of NetEase Inc. with a fortune of $16 billion


In fact, it would have wiped out 87 percent of the billionaires in Bloomberg’s index.

https://www.investing.com/news/stock-market-news/putting-zuckerbergs-168-billion-wipeout-into-perspective-1545851

[JakeF]

He deserves it. Although i imagine he will get it all back over the next year.

[BlackHelicopters]

No1cur

[vailpass]

Zuckerberg's $16.8 Billion Wipeout Into Perspective



Iris Fontbona & family -- Fontbona is the matriarch of Chile’s richest family, which controls Antopillowbiterasta (LON:ANTO) Plc (among the world’s largest copper producers)



https://www.investing.com/news/stock-market-news/putting-zuckerbergs-168-billion-wipeout-into-perspective-1545851

Wut?

[BWillie]

I saw that today. That is nuts. There is some guy I never heard of now above him.

[T-post Tom]

No1cur

Yup...

https://www.reuters.com/article/us-facebook-results-stock/zuckerberg-loses-more-than-15-billion-in-record-facebook-fall-idUSKBN1KG1TN

https://www.usatoday.com/story/tech/nation-now/2018/07/26/facebook-mark-zuckerberg-net-worth-drops/843178002/

https://www.foxbusiness.com/economy/mark-zuckerberg-loses-over-15-billion-in-less-than-a-day

https://business.financialpost.com/investing/zuckerberg-loses-16-8-billion-in-a-snap-as-facebook-plunges

https://www.marketwatch.com/story/facebook-stock-crushed-after-revenue-user-growth-miss-2018-07-25

https://www.cnbc.com/video/2018/07/26/mark-zuckerberg-loses-17-billion-in-net-worth-as-fb-shares-slide.html

https://www.kyivpost.com/technology/reuters-zuckerberg-loses-16-billion-in-record-facebook-fall.html

https://tech.economictimes.indiatimes.com/news/people/mark-zuckerberg-loses-16-8-billion-in-a-snap-as-facebook-plunges/65142620

https://www.bloomberg.com/news/articles/2018-07-25/zuckerberg-loses-16-8-billion-in-a-snap-as-facebook-plunges?utm_source=google&utm_medium=bd&cmpId=google

http://www.radionz.co.nz/news/business/362751/facebook-s-zuckerberg-loses-16-billion-in-record-facebook-fall

https://www.nigerianbulletin.com/threads/facebook-owner-mark-zuckerberg-loses-17-6-billion-in-net-worth-–-the-trent.329842/

https://wwd.com/business-news/technology/mark-zuckerberg-facebook-looses-114-billion-in-market-capitalization-1202765426/

Although, I didn't see any articles from Equatorial Guinea. So those folks may not care.

[T-post Tom]

Wut?

LOL. CP filter for "f@g". Fixed. :)

[Eleazar]

He’ll be wearing one of those blue hoodies in a soup line soon, im sure

[TLO]

Bad day at the office.

[banecat]

It's going to cost a lot to clean up the Facebook. Everything that they'll need to do to keep from repeating all of the mistakes that happened during the 2016 election cycle. The Trump cult's been slowly leaving over the past couple of years anyway. If they were quicker with it investors may not be losing as much, but we all know that Insane Clown President's crowd is a little slow most of the time

[Hog's Gone Fishin]

Now he knows what Hammock feels like!

Well, not really.

[Rain Man]

I bought more FB. They probably know that.

[lewdog]

Facebook as a company has great cash flow. Great looking stock to investors.

It’s a one trick pony though. Not sure how long it’ll last.

[Eleazar]

Anybody seen that MySpace Tom dude lately?

[Chief Roundup]

I would be more concerned about the other $100B that was lost, most likely to regular middle class people that just had their portfolio take a HUGE hit, which can cause them to not be able to retire or forces them back into the workforce.

[Munson]

I would be more concerned about the other $100M that was lost, most likely to regular middle class people that just had their portfolio take a HUGE hit, which can cause them to not be able to retire or forces them back into the workforce.

I think you mean $100 billion.

[Chief Roundup]

I think you mean $100 billion.

yes oops

[Rain Man]

I would be more concerned about the other $100B that was lost, most likely to regular middle class people that just had their portfolio take a HUGE hit, which can cause them to not be able to retire or forces them back into the workforce.

If it causes that big an impact, then they should've diversified more.

I took an annoying hit today, but it was something like 0.15 percent of my portfolio.

[Don Corlemahomes]

If it causes that big an impact, then they should've diversified more.

I took an annoying hit today, but it was something like 0.15 percent of my portfolio.

So, like, one bill or so?

[displacedinMN]

Not sorry. They sell nothing and steal your soul..

[Rain Man]

So, like, one bill or so?

It was less than $100,000.

[Titty Meat]

Good. Hes a liberal douchebag

[lewdog]

I would be more concerned about the other $100B that was lost, most likely to regular middle class people that just had their portfolio take a HUGE hit, which can cause them to not be able to retire or forces them back into the workforce.

ROFL

[ping2000]

I unfriended him. Seriously, who fucking cares. He probably still wipes his ass with silk toilet paper.

[GloryDayz]

Because of the product itself I'm shocked he ever got that rich.

Oh well, fuck him!

Ad why did a liberal have THAT much money available to lose? Aren't they the ones who are wanting the 1% to give 99% of their money to the lazy?

[LiveSteam]

Fuck him and his politically motivated Facebook

[loochy]

Awesome...so when does Facebook go under? I hated it even before it got all political.

[TLO]

Awesome...so when does Facebook go under? I hated it even before it got all political.

When the memes dry up

[Buehler445]

Awesome...so when does Facebook go under? I hated it even before it got all political.

Maaaaaaan I got on it in college when it was restricted to colleges.

I got right the fuck out of there when my family started posting retarded shit.

[LiveSteam]

Awesome...so when does Facebook go under? I hated it even before it got all political.

I hope not before my 30 day Facebook ban is up.

[loochy]

Maaaaaaan I got on it in college when it was restricted to colleges.

I got right the **** out of there when my family started posting retarded shit.

Yeah me too. I remember some of us were offended because our non-college friend was finally able to get a facebook page. My facebook hasn't been updated at all in about 10 years. I just let my wife tell me what is going on. I get on mine from time to time to sell stuff on our neighborhood buy/sell site.

I actually always liked Myspace better anyway.

[GloryDayz]

Maaaaaaan I got on it in college when it was restricted to colleges.

I got right the fuck out of there when my family started posting retarded shit.

Nothing much has changed.

[loochy]

Nothing much has changed.

I think it has, hasn't it? It used to be a place to try to snag girls when it was the college thing. Now it's old people whining about politics.

[loochy]

Yankees have considered Mike Moustakas. See the asking price as high for now.

https://twitter.com/JonHeyman/status/1022676018082050048?s=19

Yet again, Moore needs to reevaluate his asking price in trades. Take what you can get for Moose before it's too late.

So, like, did you find this news on facebook or something? :shrug:

[GloryDayz]

I think it has, hasn't it? It used to be a place to try to snag girls when it was the college thing. Now it's old people whining about politics.

I guess you're right.

[lewdog]

I think it has, hasn't it? It used to be a place to try to snag girls when it was the college thing. Now it's old people whining about politics.

Sounds like the DC forum and you hangout there.

Quite ironic.

[loochy]

Sounds like the DC forum and you hangout there.

Quite ironic.

I hang out there because there were only 2 interesting active threads happening in the lounge, and the Breeland one was a bunch of BS.

[lewdog]

I hang out there because there were only 2 interesting active threads happening in the lounge, and the Breeland one was a bunch of BS.

See, you did it again.

You're old.

And whiny.

[loochy]

See, you did it again.

You're old.

And whiny.

What? The Breeland thread had reached the point where we were just trying to get to 1000 posts.

What, are you like some kind of old grandpa that really likes Facebook or something?

[lewdog]

What? The Breeland thread had reached the point where we were just trying to get to 1000 posts.

What, are you like some kind of old grandpa that really likes Facebook or something?

Keep complaining old man!!!

[Bugeater]

Awesome...so when does Facebook go under? I hated it even before it got all political.
With the way they constantly shit on their user base they really should have already. But we all keep coming back even though there's viable alternatives out there.

[Bugeater]

Keep complaining old man!!!
HEY KEEP IT DOWN MATLOCK IS ON NOW

[Lzen]

With the way they constantly shit on their user base they really should have already. But we all keep coming back even though there's viable alternatives out there.

What viable alternatives?

[Dunit35]

Got on when it was college only. They need to require a certain level of IQ to be on there now.

[Rain Man]

What viable alternatives?

Yeah, I'd switch. But then again, part of the problem with Facebook is people putting up stupid stuff that's just copied and pasted. But I'm against them stealing personal information as well.

I wish there was a version of Facebook where you only got original content and nothing could be "shared" with you.

[Eleazar]

Yeah, I'd switch. But then again, part of the problem with Facebook is people putting up stupid stuff that's just copied and pasted. But I'm against them stealing personal information as well.

I wish there was a version of Facebook where you only got original content and nothing could be "shared" with you.

I've said this many times. I wish I could turn off all "Shares". But Facebook doesn't want that obviously, because it lowers the amount of content being posted and reposted for people to interact with, and thus data for them to mine about you. And the media outlets that have their articles and blog postings and such being spread via Facebook don't want that either.

The only people who dislike all the garbage posts are the users, who aren't paying, and who are the product anyway, not the consumer - so I don't expect it will change

[Bugeater]

What viable alternatives?
MeWe.com is pretty much what facebook was 10 years ago. The only difference is you don't have a personal "wall", you just have the news feed.


The only thing I would miss is the ability to go "live", but that's not really much different that recording a video and then posting it.