Mark Zuckerberg's wealth plunges by $7bn as companies boycott Facebook ads

Mark Zuckerberg just became $7.2 billion poorer after a flurry of companies pulled advertising from Facebook’s network. Shares of the social media company fell 8.3 per cent on Friday, the most in three months, after Unilever, one of the world’s largest advertisers, joined other brands in boycotting ads on the social network. Continuing to advertise on these platforms at this time would not add value to people and society. Unilever Unilever, which owns names like Hellmann’s mayonnaise and Axe shower gel and has an annual advertising budget of almost $8 billion (Dh29.38bn), said it won’t advertise on Facebook, Twitter and Facebook-owned Instagram for the rest of the year because of...