Mark Zuckerberg’s fortune slides $4bn as Facebook shares drop

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Facebook says it will pay $550m settlement to resolve claims it collected user biometric data without consent

Facebook CEO Mark Zuckerberg. Picture: JOSH EDELSON / AFP

Zuckerberg, 35, remains the world’s fifth-richest person, according to the Bloomberg Billionaires Index. Facebook said it had 2.89-billion monthly active users of its products around the world, but growth stagnated in the US and Canada on the main social network — the primary source of advertising sales. Monthly active users hit 2.5-billion on the main network as of December 31, slightly topping analysts’ estimate of 2.49-billion.

Still, Facebook and Google dominated digital ad spending with an estimated 61% of the market in 2019, a slight increase from a year earlier, even as Amazon.com gained sales, researcher EMarketer said in November.

 

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Well he is greedy so no surprise

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