Pursuits
Zuckerberg Fortune Plunges $1.6 Billion as Facebook Falters
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Facebook Inc.’s co-founder and chief executive officer, Mark Zuckerberg, continued his fall down the ranks of the world’s billionaires as the company’s shares plummeted to a record low.
The 28-year-old’s fortune plunged to $12.1 billion from $13.7 billion today, according to the Bloomberg Billionaires Index. Shares of the world’s largest social-networking company sank as much as 17 percent after the company reported its second-quarter operating margin dropped from a year earlier and sales grew at the slowest pace on record. The shares closed down