Billionaire Facebook founder Mark Zuckerberg became $ 7.2 billion poorer in the day after some large companies refused to advertise on a social network. About this writes Bloomberg.
On Friday, June 26, the company’s share price fell 8.3 percent after one of the largest advertising companies in the world, Unilever, announced its decision not to spend money on advertising on all Facebook products, including Instagram, by the end of the year. .
Advertising on Facebook has also been abandoned by companies such as telecommunications giant Verizon and one of the world‘s largest confectionery manufacturers Hershey. Suspended advertising and Coca-Cola. They said that Facebook failed amid protests in the US “to sufficiently control hatred and misinformation on the platform.”
The total fortune of Zuckerberg fell to 82.3 billion dollars, follows from Bloomberg Billionaire Index. He is on the fourth line in the ranking of the richest people on the planet.
A wave of protests swept the United States in May 2020 after the death of African-American George Floyd due to ill-treatment during police detention. Unrest and riots swept through dozens of American cities. In some states, they grew into riots with pogroms, robberies, shooting and arson.