Facebook creator Mark Zuckerberg has dropped out of the list of the 10 richest Americans for the first time since 2015. Mark Zuckerberg announces that you will be able to call on WhatsApp with Ray-Ban Stories glasses.
The Facebook founder has lost a whopping $76.8 billion USD (356,348,313,600,000 COP) since September 2021, according to a Forbes report.
Zuckerberg loses money
His current net worth is now estimated at $57.7 billion USD by the US business magazine.
Zuckerberg is now CEO of Meta, the company that owns Facebook, Instagram and WhatsApp.
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A large percentage of his wealth is still tied up in shares of Meta, which has plummeted in recent years.
A key factor in that downturn came when Apple introduced privacy controls that prevented mobile apps like Facebook from accessing user data deemed vital to advertisers on those platforms.
With so many people primarily using Facebook, Instagram and WhatsApp on their iPhone devices, it has raised questions among investors about Meta’s future as an ad revenue behemoth, which has seen share prices drop 57% in the past few years. past 12 months, according to Forbes.
When Facebook revealed that its user base had shrunk for the first time in its 18-year history earlier this year, its shares also fell 26% in a single day.
Meanwhile, Chinese-owned TikTok has become a major rival for user attention and is enjoying a boom as Facebook’s numbers dwindle.
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Facebook’s Mark Zuckerberg dropped out of the list of the 10 richest men in the US.