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Shock To Facebook CEO.. Rs.33000 Crores Loss
By: Tupaki Desk | 20 March 2018 10:34 AM GMT
Facebook CEO Mark Zuckerberg got a shock today because of American President Donald Trump. But it is an indirect shock from Trump. A firm which campaigned for Donald Trump during Presidential elections is facing allegations that it has missed the personal data of 5 Crore Facebook users. As the data mining scam broke out, the company shares plummeted on a large scale.
Mark Zuckerberg lost $5.1 billion (Approximately Rs. 33,000 crores) wealth in the share market within a few hours. Mark Zuckerberg is holding 16% share in the Facebook as of now. After the Facebook share value went down, Mark Zuckerberg's wealth stood at $ 69.6 billion. Mark Zuckerberg was in 5th position when Forbes magazine released the worlds richest persons list in the first week of March.. but his rank slid down to 10 in the list according to the real-time rankings.
Facebook started taking damage control measures with the unexpected shock. Facebook is presently working on solving the issue with a digital forensic company to find the answers how the data got leaked?.. How to remove the leaked data? etc. On the other hand, there were reports that new guidelines are coming to control business models like Facebook. These reports had an impact on the Facebook as its share value decreased by 6.8%. Companies like Apple, Google's parent company Alphabet Inc suffered the impact of the market developments.
Mark Zuckerberg lost $5.1 billion (Approximately Rs. 33,000 crores) wealth in the share market within a few hours. Mark Zuckerberg is holding 16% share in the Facebook as of now. After the Facebook share value went down, Mark Zuckerberg's wealth stood at $ 69.6 billion. Mark Zuckerberg was in 5th position when Forbes magazine released the worlds richest persons list in the first week of March.. but his rank slid down to 10 in the list according to the real-time rankings.
Facebook started taking damage control measures with the unexpected shock. Facebook is presently working on solving the issue with a digital forensic company to find the answers how the data got leaked?.. How to remove the leaked data? etc. On the other hand, there were reports that new guidelines are coming to control business models like Facebook. These reports had an impact on the Facebook as its share value decreased by 6.8%. Companies like Apple, Google's parent company Alphabet Inc suffered the impact of the market developments.
