Plummeting Facebook shares have wiped out billions of founder and CEO Mark Zuckerberg’s personal wealth. The impetus? Corporations such as Coca-Cola and Verizon have pulled their ads, demanding that Facebook censor hate speech.
Zuckerberg lost $7.2 billion, after Facebook’s shares fell by 8.3 percent on Friday, Bloomberg reported. The dive in value happened after Unilever, one of the largest advertisers in the world, joined the list of major companies that suspended their ad campaigns on Facebook and its subsidiary Instagram. At around the same time, Coca-Cola said it was also pulling all its social-media advertising for 30 days.
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