The biggest loser: Facebook CEO Mark Zuckerberg takes $15B hit in 2018

Facebook CEO Mark Zuckerberg was the biggest loser out of all of the world’s top 500 billionaires in 2018 and will end the year with about 25 percent less wealth which has to be a big blow to the tech guru’s ego.

Zuckerberg’s empire was worth upwards of $75 billion at the beginning of 2018 but will end the year with about a $15 billion less value which is mostly attributed to a data leak.

JD Lasica/Flickr

According to a report from Time.com: On a Saturday in March, Cambridge Analytica co-founder and former director of research Christopher Wylie threw Zuckerberg for a loop when he came forward to say the data analytics company had misused 50 million Facebook users’ data. Hired by the Trump presidential campaign to handle its targeted digital advertising for the 2016 primaries, Cambridge Analytica used the unauthorized Facebook data to target voters.

Despite the fact that Facebook tracks and traces its users’ habits and whereabouts at virtually all times, people are still willing to use the service. A total of 2.27 billion people have used Facebook through the third quarter of 2018 and the number keeps growing.

Should people really be using Facebook?

The post The biggest loser: Facebook CEO Mark Zuckerberg takes $15B hit in 2018 appeared first on Intellihub.

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Author: Lexi Morgan


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