Mark Zuckerberg Loses $16.8B As Facebook Stocks Drop Drastically

Zuckerberg

Zuckerberg

Facebook founder and ceo Mark Zuckerberg just lost big time after his companies stocks took a 20% nose dive after close of market on Wednesday. This resulted in Zuckerberg losing $16.8 Billion, tgus bringing his overall newt worth down to $70 Billion. 

The tech giant has been contending lately with accusations of abusing user privacy, as well as with new EU data mandates. Meanwhile, parents of 6-year-old Sandy Hook victim Noah Pozner slammed Zuckerberg Wednesday in an open letter in the Guardian for not kicking "conspiracy groups and anti-government provocateurs" off the site. And even more bad news looms on the horizon: Business Insider reports that Facebook shareholder Trillium Asset Management has worked up a game plan to have Zuckerberg ousted as chairman due to Facebook's "mishandling" of its various crises. Read more on the story here.

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