• Meta CEO Mark Zuckerberg reportedly lost $70 billion, a loss that has caused him to sink in rankings to the 20th richest person in the world.
• The drop represents a 55% loss for the 38-year-old entrepreneur who amassed a fortune of $125 billion at the beginning of the year, according to Bloomberg’s Billionaires Index.
• Last year, the company that owns Facebook, Oculus, Instagram, and WhatsApp bet on rebranding itself after several scandals around Instagram related to teenage eating problems.

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