Facebook loses $13 bn in value after disclosing data breach
Social media giant Facebook lost about $13 billion in market value on Friday after it disclosed a security breach that affected nearly 50 million accounts. Shares of the company fell 2.6% on Friday, leaving them down around 7% this year. Meanwhile, Founder and CEO Mark Zuckerberg's net worth fell about $1.7 billion to $65.1 billion, according to Bloomberg.