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
Ian Ohlson says the call center industry in South Africa is flourishing and has become an engine for job growth and opportunity.Read More
The forum for community radio stations in South Africa explains why 43 community radio stations across South Africa face closure.Read More
Clinical psychologist and organisational development specialist, Lauren Davis explains what meetings should be used for.Read More
Government's new energy plan has been announced as the country deals with load shedding caused by Eskom's low generating capacity.Read More
Photographer Johnny Miller discusses the impact of his moving work and how he captures his eye-opening images.Read More
Last month, Eskom shut down claims by the Democratic Alliance that load shedding was on the cards.Read More
Cape Town stadium will be leased to a municipal body that's subsidised by the city for R100 per annum.Read More
Sacca executive for corporate services Phindiwe Gwebu says the airline has given them an assurance that all issues are resolved.Read More
Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.Read More
The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.Read More