Zuckerberg is an American media magnate , Internet entrepreneur, philanthropist and co founder of Facebook.
His net worth is estimated to be around 7,970 crores USD . He just lost $7billion on Friday as many companies boycott Facebook ads as Facebook and Instagram have failed to sufficiently police hate speech and disinformation on the platform.
Unilever one of the world’s largest advertisers said it would stop spending money with Facebook’s properties this year. Companies from Verizon communications to Hershey co. have also stopped social media ads . Coca – cola co. said it would pause all paid advertising on all social media platforms for at least 30 days .
The share price dropped down to $56billion from Facebook’s market value and pushed Zuckerberg’s net worth down to $82.3 billion.
Zuckerberg responded on Friday regarding the growing criticism about misinformation on the site , announcing the company would label all voting related post with a link encouraging users to look at its new voter information hub. Facebook Al’s expanded its definition of prohibited hate speech adding a clause saying no ads will be allowed if they label another demographic as dangerous.
There are no exceptions for politicians in any of the policies.
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