Mark Zuckerberg Loses $5billion After Facebook Shares Plummet

Mark Zuckerberg's net worth plummeted by about $ 5 billion after Facebook's shares collapsed following the Cambridge Analytica scandal, in which data from 50 million users was misused. The company's stock fell nearly 7% on Monday, putting Facebook on track for its worst day in four years, reported Daily Mail. Zuckerberg, currently the seventh-richest person in the world, holds about 400 million shares, or 16%, on Facebook. After the decline, Zuckerberg is now worth about $ 69.5 billion, according to Forbes. His company is facing more and more calls to testify after reports reveal that the company, which has links to President Donald Trump's campaign, has had inappropriate access to data from 50 million users from Facebook.
The reports have prompted a review by the company and expressions of concern by several US lawmakers who are demanding that Zuckerberg be grilled by the Senate Judiciary Committee.
The losses in shares on Monday would be among Facebook’s biggest daily fall, including a broader market pullback in February. In January, when Facebook announced changes to its newsfeed, which it said would hit user engagement in the near term, shares fell 4.5 percent in one day.
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