(New York, NY) -- Mark Zuckerberg is worth a lot less than he was when he went to work yesterday.
The Facebook CEO's net worth fell by nearly 20-billion dollars in just two hours yesterday afternoon. It happened because Facebook shares fell 16-percent in Wednesday trading. The drop cut Zuckerberg's net worth from nearly 82 and a half billion dollars at mid-day to just over 63 and a half billion by dinnertime.
Facebook shares fell after release of a second-quarter earnings report. The social media giant came up short of analysts' expectations for growth in revenue and the number of daily active users in North America and Europe.
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