Tuesday , June 22 2021

The founder of Facebook loses 17.4 billion dollars a year



The wealth of Facebook's founder Mark Zuckerberg dropped this year by 17.4 billion dollars, while the social media giant is facing a storm of attack on his handling of critics and the repercussions of his reaction to Russian intervention in the US elections.

Facebook shares fell on Friday by 3 percent to 139.53 USD, the lowest level since April 2017.

34-year-old Zuckerberg, who was the third richest person in the world, stands behind Jeff

Bezos and Bill Gates took sixth place in the Bloomberg billionaires' ranking.

The Zuckerberg resource, which reached 55.3 billion dollars, fell from 31 July by over 31 billion dollars.

Larry Ellison from Oracle is close to the seventh of 55.7 billion dollars.

Zuckerberg met with new pressure when he asked a group of council members

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The young billionaire Democrat responded to press reports that the company used contractors to respond to criticism of privacy practices and the company's efforts to thwart Russian propaganda in its network.

Against the background of these reports, the founder of Facebook faces investors' requests in his network to resign from the function of president and CEO.

The New York Times reported on Wednesday that Facebook used a company called Defender to destroy critics of Facebook's policy.

Zuckerberg, for his part, denied that Facebook entered into a deal with the company, saying that he knew this information only through the American newspaper.

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