You see, the moment your company goes public, you become a Politician. Mind what you say and watch your bag always.
Mark Zukerberg some days ago announced some changes to facebook news feed which innocently is meant to enable people have a more rewarding experience with the social media site. Alas, that move just cost him a whooping $2.9b.
The co-founder of the world’s largest social-media business saw his fortune fall $2.9 billion Friday after he posted plans to shift users’ news feeds toward content from family and friends at the expense of material from media outlets and businesses.
Shares of Facebook tumbled 4.5 percent friday, cutting Zuckerberg’s fortune to $74.4 billion on the Bloomberg Billionaires Index, costing him his place as the world’s fourth-richest person.
The drop wipes out much of the $4.5 billion Zuckerberg, 33, has added so far this year. The world’s 500 richest people gained $1 trillion in 2017 and an additional $17 billion in the first two weeks of 2018, according to the Bloomberg index.
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