Facebook cofounder Mark Zuckerberg is out of the top ten richest billionaires in the IT sector after Facebook shares dropped during Thursday’s session of the U.S. stock market to a new record low, under $20. Facebook shares closed down 4%, at $20.04, but they reached a minimum of $19.82 during the stock market session.
Zuckerberg’s wealth, 28 year old, fell by $423 million on Thursday and the head of Facebook is now worth $10.2 billion, according to Bloomberg. Zuckerberg’ worth is about 400 million shy of James Goodnight’s wealth, founder of software manufacturer SAS Institute. Goodnight is now tenth in Bloomberg’s top of billionaires.
“Emotionally he might care, but Zuckerberg is much more concerned with maintaining market share than the fluctuations of Facebook shares. He’s not concerned that he might get broke,” said Ron Florance, Operations Manager at Wells Fargo Private Bank. Facebook shares have lost 47% of the listing price of $38. The company last week reported results that showed a slowdown in revenue growth.
Microsoft co-founder Bill Gates is the richest billionaire in IT, with a fortune of $61.6 billion, according to Bloomberg.
The famous social networking site has released the information that nearly 9% of existing accounts proved to be fake. According to Facebook estimates there are 83 million fake accounts of the 955 million existing on the site. Thus, 8.7% of cyber friends could only live online. According to officials from Facebook, fake accounts are divided into three categories: 4.8% of Facebook profiles are duplicated personal pages. Some people, for reasons not fully understood, have chosen to create two or three Facebook pages. Certainly over time, out of boredom, they abandoned one of their accounts.
Another category is the accounts “incorrectly categorized” as officials claim. More specifically, 2.4% of the accounts are specifically created for companies that have chosen to make an account instead of a particular page for the company or accounts dedicated to pets. The third category is perhaps the most toxic. It’s about accounts that were created specifically to send spam or advertising, which violates Facebook policies, and then were abandoned. These pages represent 1.5% of all Facebook accounts.
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