Mark Zuckerberg’s latest Facebook post is proving expensive.
Shares of Menlo Park, California-based Facebook tumbled 4.5 percent on Friday in New York, cutting Zuckerberg’s fortune to $74 billion on the Bloomberg Billionaires Index. He lost his place as the world’s fourth-richest person to Spanish retail billionaire Amancio Ortega.
The drop wiped out much of the $4.5 billion Zuckerberg, 33, had added this year through Thursday. The world’s 500 richest people gained $1 trillion in 2017 and an additional $192 billion in the first two weeks of 2018, according to the Bloomberg index.
For more on Facebook’s fake news dilemma, check out the Decryptedpodcast: