Mark Zuckerberg Net Worth – Hmmm, new tori just land oh! A few weeks ago, some of us probably knew that Zuck’s net worth skyrocketed to an all time high that shot him up to the third richest man on earth.
I had it in mind to write a post about it but alas! An update to that story just came in (the tech space is a rapidly dynamic one).
Forbes reported that Facebook’s stock plummeted after the social media giant reported disappointing Q2 earnings and user acquisition growth (all these Publicly traded companies sef 😢).
As a result, Mark Zuckerberg net worth fell by a humongous $15 billion to $77 billion net worth 😵😱, knocking Zuckerberg down 3 places to the 6th richest man on earth (Believe me, many people would hang themselves if they ever lost such staggering amounts of money).
Facebook on the other hand got $119 billion dollars wiped out of their market valuation…in one day.
Sounds like someone is in need of some firing 😈
As E be so, the issue don serious well well to the point wey some Board members don de hustle make Mark kuku free the Chairmanship role.
A Shareholder with investments worth about $11 million in Facebook stock, Trillium Asset Management has been pushing for Mark Zuckerberg to relinquish his role as Chairman of the Board since June.
Actually, People Magazine wrote that this strong opinion to separate the roles of the Facebook Chairman and CEO has been on since last year 2017, even went as far as a Board vote that resulted in 51% agreeing to the motion.
Why didn’t it take effect then? I mean, 51% is majority, right?
Well Mark threw it out the window (obviously). How could he manage to do that despite a 51% vote against him? He has 60% voting rights. You can thus understand why Trillium would think it paramount to significantly reduce Zuck’s powers.
Zuckerberg kicked off the year with the Cambridge Analytica scandal that got him summoned to the US Congress in April and then the U.K. Parliament regarding the same issue in May.
And let’s not forget his recent interview with Tech blog, Recode about Facebook’s censorship policy.
This officially has to be the worst year for the Facebook founder.
What do you think?