Facebook's $148 billion nosedive means Mark Zuckerberg could tumble down Bloomberg's Billionaire Index

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• Facebook's shares plummeted by over 20% on Wednesday, affecting the net worth of founder Mark Zuckerberg.
• Bloomberg reports that his worth decreased in value by $16.8 billion during after-hours trading on Wednesday. If this holds by end of trading on Thursday, Zuckerberg will slip three places down Bloomberg's billionaire index.
• Zuckerberg has also been selling stock since Facebook reported its 2018 Q1 results.

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Following Facebook's astonishing fall in market value on Wednesday, CEO Mark Zuckerberg is at risk of losing third place on Bloomberg's Billionaires Index.

The social network's value plunged nearly 24% after its disappointing Q2 earnings report and executives (including Zuckerberg) warning of slowing revenue growth. Shares recovered slightly, closing after-hours trading down 20.2% at $217.50.

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See Also:

• Parents of Sandy Hook victims write open letter to Mark Zuckerberg: Facebook has failed to 'protect us from harassment and threats'
• Instagram is booming, and investors are salivating over Facebook as a result
• Facebook security chief's brutally honest leaked email reveals how distraught the company was about being used by the Russians

SEE ALSO: What happened on Facebook's nightmare conference call that wiped out nearly $150B in market value in 90 minutes

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