Facebook’s Mark Zuckerberg change of heart just cost him $3.3 billion

New York: Mark Zuckerberg’s latest Facebook post is proving expensive.

The co-founder of the world’s largest social-media business saw his fortune fall $2.9 billion on 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 Menlo Park, California-based Facebook tumbled 3.9% at noon in New York, cutting Zuckerberg’s fortune to $74.4 billion on the Bloomberg Billionaires Index. If that decline holds through the close of trading, he will lose his place as the world’s fourth-richest person to Spanish retail billionaire Amancio Ortega.

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. Bloomberg

Sat, Jan 13 2018. 09 34 AM IST

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# Lemon Challenge- Can you eat a lemon without squeezing eyes or making faces? Send us your video now!
Let’s convert the tangy lemon that we love so much in summers into something fun. Upload you video of eating/sucking a lemon, but you have to do it without squeezing your eyes or making faces! The best video will be featured in the upcoming UC short video app!
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