Looks like the:
The final straw was almost certainly Republican Florida Rep. Matt Gaetz’s threat to file a complaint with the FEC about the shadow banning of conservatives.
Is having an effect on Facebook as well.
Facebook co-founder and CEO Mark Zuckerberg experienced on Thursday after the social media giant’s shares plunged 19% erasing over $119 billion in market cap in just one day, the most ever for a public company, according to our partners at WSJ Market Data Group. It is also the worst percentage drop for the company ever.
The losses hit Zuckerberg’s wallet to the tune of about $15 billion through the 387,095,123 Facebook shares (Class A and B shares combined) he owns, according to FactSet.
Before the stock dump, Mark Zuckerberg was the fifth wealthiest American in 2018 – with $71 billion net worth according to the Forbes Billionaires List. Considering Thursday's losses – his net worth slipped down to around $55.9 billion. This would remove Zuckerberg from the top 10 of the list – putting him down to the 11th spot behind Oracle co-founder Larry Ellison.