mark zucherburg just lost 7.2 billion dollars but he has another 82 billion so its not that bad when you have that much cash i guess ....must be a nice gig ...but advertisers have pulled out of facebook not surprising with its liberal befriending and they ban you for no fucking reason ....they have banned me because i posted someone else shit .....it was great at first ...bu we all know mark was born with a liberal silver spoon in his mouth the guy never had to struggle realy he never had a hard life ....so boo hoo sob ....and the 7.2 billion he will not feel ..........its not a disaster for a billionaire .......
Zuckerberg Loses $7 Billion as Firms Boycott Facebook Ads
(Bloomberg) -- Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook Inc.’s network.
Shares of the social media company fell 8.3% on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Unilever said it would stop spending money with Facebook’s properties this year.
The share-price drop eliminated $56 billion from Facebook’s market value and pushed Zuckerberg’s net worth down to $82.3 billion, according to the Bloomberg Billionaires Index. That also moved the Facebook chief executive officer down one notch to fourth place, overtaken by Louis Vuitton boss Bernard Arnault, who was elevated to one of the world’s three richest people along with Jeff Bezos and Bill Gates.
Companies from Verizon Communications Inc. to Hershey Co. have also stopped social media ads after critics said that Facebook has failed to sufficiently police hate speech and disinformation on the platform. Coca-Cola Co. said it would pause all paid advertising on all social media platforms for at least 30 days.
Zuckerberg responded Friday to the growing criticism about misinformation on the site, announcing the company would label all voting-related posts with a link encouraging users to look at its new voter information hub. Facebook also expanded its definition of prohibited hate speech, adding a clause saying no ads will be allowed if they label another demographic as dangerous.
“There are no exceptions for politicians in any of the policies I’m announcing here today,” Zuckerberg said.
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