Facebook shares have dropped about 38% from a record $218.62 on July 25 as the firm faced mounting criticism over its handling of user data and policing of content. Those issues will take years to fix, Zuckerberg has said. The decline shaved $32.7 billion from his net worth as of Wednesday’s close, dropping him to seventh on the Bloomberg Billionaires Index, a listing of the world’s richest people.

Source: Los Angeles Times January 03, 2019 16:07 UTC