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Old 07-26-2018, 04:15 PM  
T-post Tom T-post Tom is offline
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Zuckerberg Loses $16.8 Billion in Facebook Stock Drop

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

Last edited by T-post Tom; 07-26-2018 at 04:25 PM..
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Old 07-26-2018, 05:54 PM   #16
Munson Munson is offline
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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.
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Old 07-26-2018, 05:56 PM   #17
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I think you mean $100 billion.
yes oops
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Old 07-26-2018, 06:01 PM   #18
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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.
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Old 07-26-2018, 06:06 PM   #19
Don Corlemahomes Don Corlemahomes is offline
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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?
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Old 07-26-2018, 06:27 PM   #20
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Old 07-26-2018, 07:33 PM   #21
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So, like, one bill or so?
It was less than $100,000.
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Old 07-26-2018, 07:47 PM   #22
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Old 07-26-2018, 07:48 PM   #23
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Originally Posted by Chief Roundup View Post
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.
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Old 07-26-2018, 08:03 PM   #24
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Old 07-26-2018, 08:05 PM   #25
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Because of the product itself I'm shocked he ever got that rich.

Oh well, **** 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?
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Old 07-26-2018, 08:44 PM   #26
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**** him and his politically motivated Facebook
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Old 07-26-2018, 08:46 PM   #27
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Awesome...so when does Facebook go under? I hated it even before it got all political.
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Old 07-26-2018, 08:48 PM   #28
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Awesome...so when does Facebook go under? I hated it even before it got all political.
When the memes dry up
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Old 07-26-2018, 08:49 PM   #29
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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 **** out of there when my family started posting reeruned shit.
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Old 07-26-2018, 08:49 PM   #30
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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.
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