October 24, 2021

Taylor Daily Press

Complete News World

Facebook takes a hit in the stock market: Mark Zuckerberg loses billions of dollars in a few hours |  Hours of Meltdown on Facebook

Facebook takes a hit in the stock market: Mark Zuckerberg loses billions of dollars in a few hours | Hours of Meltdown on Facebook

Facebook who had to deal with a file global outage And other negative news, taking a hit in the stock market. The loss of confidence cost CEO Mark Zuckerberg billions of dollars in a matter of hours.




Several technology stocks lost their value on Wall Street on Monday. It is clear that investor fears of inflation have resurfaced. The Nasdaq Technology Index fell 2.1 percent to 14,255.49 points.

The biggest loser is Facebook, which has lost nearly 5 percent of its market value. This also translates to a significant portion of CEO Mark Zuckerberg’s fortune. According to Forbes, Zuckerberg lost about $ 5.9 billion (about $ 5 billion), bringing his estimated fortune to about $ 117 billion (about $ 100 billion).

Last weekend, the social network also had to defend itself against allegations that it contributed to the January 6 storming of the Washington Capitol. According to Facebook, that would be “ridiculous,” the group manager said in anticipation of Work by whistleblower.

Not only did Facebook roll out around the world on Monday due to malfunction. Services like Instagram and WhatsApp were also not available.

Evergrande

Sentiment on Wall Street was negative across the board, in part due to concerns about Chinese real estate developer Evergrande. The broad S&P 500 lost 1.3 percent to 4,300.46 points, and the Dow Jones rose 0.9 percent to 3,4002.92 points.

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