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Facebook’s plunge drops Zuckerberg down the billionaire ranks — behind a guy many Americans may not know

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“Jewish President Eisenhower Creates DARPA Which Creates Social Media Weapon ‘LifeLog’ Which Becomes Facebook” (read more)

“Tech Investors Start To Panic As Facebook’s Stock Price Plunges More Than 20 Percent” (read more)

By Sally French, MarketWatch, 7/26/2018

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The massive drop in Facebook’s FB, -0.07%   stock is shaking things up — not just for investors and market watchers, but in rankings of the world’s richest people.

Facebook lost about $120 billion in market capitalization on Thursday after its latest quarterly earnings report showed the social media giant missed expectations on revenue and is experiencing slowing user and revenue growth.

Facebook stock is down 19% in mid-afternoon trading on Thursday. If shares hold their value or continue to dip through Thursday’s close, Facebook CEO Mark Zuckerberg’s fortune would drop by about $16.8 billion, according to the Bloomberg Billionaire’s Index.

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