Facebook's Zuckerberg takes a dip in net worth
CEO and co-founder of Facebook, Mark Zuckerberg has lost billions of dollars in net worth.
This is according to Bloomberg's Billionaire Index, which states that Zuckerberg began the year with about $75 billion and now he is worth about $56 billion.
Toby Shapshank, pPublisher at Stuff Magazine says the dent in Zuckerberg's wealth is attributed to Cambridge Analytica.
It is well known that Facebook makes its money through our personal data and we have realised just how bad that has been.Toby Shapshank, Publisher at Stuff Magazine
Cambridge Analytica was not the first scandal that hit Facebook. The first scandal was the Russian internet scandal that manipulated Facebook and people reading Facebook. Something like 44% of American adults get their news from Facebook.Toby Shapshank, Publisher at Stuff Magazine
By manipulating Facebook they literally changed the outcome of the American election outcome.Toby Shapshank, Publisher at Stuff Magazine
To hear the rest of the conversation with Toby Shapshank, listen below:
This article first appeared on 702 : Facebook's Zuckerberg takes a dip in net worth
Be mindful of what you're disclosing at the time you take out a policy.Read More
Data ssystems use a great deal of energy and tech providers must start reducing emissions.Read More
Pravin Gordhan, the minister of public enterprises, wants to be left alone to do his job.Read More
Naspers plans to sell about 22 million shares in Prosus - will it decrease the Tencent gap?Read More
Day two of Davos, where business heavyweights are attending the annual meeting of the World Economic Forum.Read More
It is difficult to see what other options the government has, despite the likely political fallout, says Absa.Read More
Seasoned financial journalist Sikonathi Mantshantsha has been appointed as the national spokesperson of Eskom.Read More
Where you’re born – and who your parents are – largely determines your destiny in South Africa, according to the WEF.Read More
South Africa is at risk of becoming irrelevant, warns The Money Show’s Bruce Whitfield from the World Economic Forum in Davos.Read More
All airlines review their schedules and cancel and consolidate flights in event of low demand says SAA's Phillip Saunders.Read More