Mark Zuckerberg Loses $16.8 Billion After Facebook Stock Drops

According to Bloomberg, Mark Zuckerberg lost $16.8 Billion in an instant after Facebook stock prices dropped.

The shares for Facebook reportedly dropped 20 percent. The massive drop caused the company to lose almost $100 billion in market value according to reports Because of major $16 billion loss, Zuckerberg moved down on the Bloomberg Billionaires Index. Many believe the issues are stemming from the data laws situation happening in Europe, which Facebook has been getting criticism for after having many privacy and content policy problems.

Zuckerberg’s billion-dollar drop now puts him at number six on the world billionaires list, with a net worth of almost $70 billion.

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