Facebook value plummets by $118bn and Zuckerberg's fortune drops $16bn following privacy scandal-fueled growth slowdown

Facebook shares and the personal fortune of Mark Zuckerberg took massive hits as the social network felt the impact of a growth slowdown and the fallout of recent privacy scandals. The company issued a warning to investors about a deceleration of growth in its userbase, leading to a stock drop of around 20 percent. A drop in share price lowered the value of Facebook by a massive $118 billion -- a record-breaking one-day drop in the value of a company. See also: Privacy: Facebook suspends data analytics firm Crimson Hexagon Google, Facebook, Microsoft and Twitter team up on open source… [Continue Reading]