Mark Zuckerberg Lost Almost $17 Billion in About an Hour. Here's What Happened

(Latest information: a lot of things have happened since this article was first released, as this is the worst day in the history of Wall Street, Mark Zuckerberg has to do an important explanation It is.

Mark Zuckerberg lost an amazing amount yesterday. Imagination and transmission are difficult. But I think that the attempt is very important

Because disappointing earnings reports had Facebook's stock price become a problem, it took about 1 hour, totaling about $ 16.8 billion!

(UPDATE: Facebook's stock price continued to fall on Thursday's morning trading.The company's market capitalization decreased by $ 115 billion at 11: 30 ET, which is the biggest one for any company in the past It will be a loss of day.We keep track of Facebook stock price here and we update this article again at the end of the day.)

But it is all about trying to learn what the $ 16.8 billion actually represents and the signs of real entrepreneurs in our country are working, and the stupid fields that accompany it.

And 1000 you close friends, family, and acquaintances will be joined through your career, assuming that you work for 60 years a year and average an average of $ 250,000 a year.

Of course, Zuckerberg is still richer. According to Bloomberg, even if his loss persists, he still has about 70 billion dollars enough to make him the sixth richest man on the planet.

So what? Very simple: Facebook's second quarter revenue report was announced and below analysts' expectations. In reality, income is increasing - but investors do not take account of stock price factors clearly.

For at least Facebook itself, the growth rate of users declined, but the company pointed out for the first time that a total of 5 billion people use at least one application each month including WhatsApp and Instragram.

Perhaps it will all rebound. Facebook's challenge seems particularly sharp now, but it was there

When Zuckerberg, Cheryl Sandberg, and Facebook Chief Financial Officer David Weiner completed a question about the analyst conference call, the company's stock price fell by 24%.

Salmon roe? Let's try the last analogy. It is enough to buy New York Yankees, Los Angeles Dodgers, Chicago Cubs, San Francisco Giants.

New users come from millions, then billions. Sheryl Sandbergs (unlike Mark Zuckerberg) who knew the first things about business joined the monetization of the site and engineers with real talent and ideas (unlike Mark Zuckerberg) make it more addictive We focused on. . For those who use this site, in a broader sense, the power of God becomes power like God. We spontaneously deliver nearly knowledgeable people to commercial companies and then collect billions of dollars for psychic management research.

Mark Zuckerberg also added several cents (or billions of cents) to the discussion. "We can not make cultures that place importance on diversity, they will support political candidates," Zuckerberg wrote. . "There are many reasons to support playing cards: racial discrimination, gender discrimination, foreign phobia, sexual assault not included." This blind spot ignores human nature and is unbelievable . Many functions define human thoughts and behaviors. The long history of moral ethics mistakes in playing cards is not attributable to minor personality flaws. They supplement the prediction of who this person is. "CEOs know their business, but he is a real SOB, there are some good lawsuits, let's invest! But it is the key to the claim that this is not his character like his policy.

See Mark Zuckerberg as an example. The founder of Facebook encourages all his employees to read Snow Crash. For cyberpunk enthusiasts it is not surprising that Facebook was delaying $ 2 billion in Oculus VR in 2014. Oculus VR is behind the Oculus Rift headset. What Stephenson calls Metaverse is a huge Snow Crash, a virtual social network that can only be accessed from a VR headset. Inspired by this book, Zuckerberg founded half of Metaverse; through the acquisition of Oculus, his company is a long-term investment by the CE of the youngster's SF of the youth to make his dreams a reality.