Forbes reported that the series of scandals that Facebook has had to deal with has finally caught up with the tech giant.
The company’s shares tumbled by nearly 19% and as a result, Zuckerberg’s net worth which is also closely tied to Facebook’s dropped by $15.4 billion.
Market Watch reported that stock prices dropped about 7% immediately after the earnings report was released and close to 34 million shares changed hands on Wednesday.
According to Forbes: “Facebook’s loss on Wednesday was the biggest single-day drop since it started trading publicly in May 2012.“
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