Facebook shares took a big hit Monday, shaving about $34 billion off the value of the company.
This is the stock’s biggest drop, on a percentage basis, in four years.
Mark Zuckerberg, chief executive officer and founder of Facebook Inc., attends the fourth day of the annual Allen & Company Sun Valley Conference, July 14, 2017 in Sun Valley, Idaho.
Mark Zuckerberg holds about 400 million shares of Facebook, and his net worth plunged by almost $5 billion Monday afternoon.
The stock fell Monday after the Cambridge Analytica controversy prompted some outside observers to suggest that Facebooks should be more regulated.