Mark Tsukerbergom: Chip Somodevilla / Getty Images
The founder of social network Facebook mark Zuckerberg has lost five billion dollars after the release of the quarterly report that disappointed investors, writes Forbes. His condition, according to the newspaper, declined 82.6 billion to 77 billion.
After the close of trading on Wednesday, January 29, the company’s shares fell by almost seven percent. In the financial statements Facebook reported quarterly earnings and sharp increase of expenses at year-end they increased by 51 percent to for 46.71 billion.
The company estimates, in 2020 the costs will continue to grow significantly, reaching 54 to 59 billion dollars. The company’s revenue, as indicated by The Wall Street Journal, last year increased 25 percent, net profit also grew by seven percent. Overall for the year shares of Facebook have risen by 55 percent.
A slowdown in Facebook explain the new rules and other obstacles that are associated with targeted advertising. In the summer of 2019, the Federal trade Commission fined the company five billion dollars due to the leakage of user data in the period of the U.S. presidential elections in 2016.
The American billionaire, the head of Tesla Elon Musk, after the 29 January report of the company increased as $ 2.3 billion. Investors appreciated the company’s revenue growth and a record of delivery.
Previously, Zuckerberg presented his forecast for the current decade. In his opinion, will be a new social platform, where the center will be a small community for closer communication, and the development of technology will help small businesses. Chapter Facebook expects that States will intervene in the management of digital communities, devices, virtual and augmented reality will become more popular.
Video, photo All from Russia.