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Zuckerberg Loses $16.8 Billion in a Snap as Facebook Plunges

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Facebook Must Leverage Instagram, WhatsApp, Kanji Says

Mark Zuckerberg is counting the cost of user disenchantment with Facebook Inc.

His fortune tumbled by $16.8 billion in late trading Wednesday, as shares of the social media giant slid 20 percent at 5:37 p.m. in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index. It would also wipe his $13.7 billion of gains for the year, leaving him with just less than $70 billion.