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Mark Zuckerberg lost $3.3billion after Facebook stock fall with 4.5 percent

 

  • Mark Zuckerberg, wey be the CEO of the world largest social media network, lost $3.3billion off im net worth on Friday 
  • Facebook share with 4.5 percent fall on Friday after dey ring the closing bell for Wall Street
  • Zuckerberg decision to prioritize post from family and friends over brand-driven content for Facebook News Feed don cost am small fortune
  • Zuckerberg, wey first worth $77.8billion, e worth now na $74billion, according to Bloomberg 
  • That means Spanish retail billionaire Amancio Ortega don overtake Zuckerberg to dey fourth place for the list of the world richest people 
  • Changes will mean a family video clip will be prioritized over company posts 
  • Zuckerberg say e go better for people wey dey use am and for business for the long term
  • But e be like say the market disagree with the CEO assessment 

 

Mark Zuckerberg decision to prioritize post from family and friends over brand-driven content for Facebook News Feed don cost am a small fortune, na so on Saturday carry am.

The CEO of the world largest social media network don lost $3.3billion off for im net worth on Friday, Bloomberg News report.

Facebook  share with 4.5 percent on Friday after dey ring  closing bell for Wall Street.

Zuckerberg, wey first worth $77.8billion, e worth now na $74billion, according to Bloomberg.

That means Spanish retail billionaire Amancio Ortega don overtake Zuckerberg to dey fourth place for the list of the world richest people.

Both Zuckerberg and Ortega get way to go catch the world wealthiest human, Amazon CEO Jeff Bezos.

Shares of Facebook Inc fell more than 4 per cent on Friday after Zuckerberg announced changes to the platform's centerpiece News Feed that he said would hit user engagement in the near term

After stock market close on Friday, Bezos net worth reach $109billion, according to Forbes.

Since this year start, Bezos don pock $10billion as profit. That $1billion everyday for Bezos, wey e wealth dey come from ownership of stock for Amazon.

Zuckerberg talk on Thursday, say the company go change the filter for the News Feed to prioritize wetin friends and family dey share, then dey go reduce the money for non-advertising content from publisher and brand.

Pivotal Research Group say their analysis of Nielsen digital consumption rate don show say people wey dey use am don  already dey fall as Zuckerberg announce.

 

Posted: News

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