ZUCKERBERG’S FORTUNE FALLS $4.9 BILLION ON DATA EXPLOITATION

NEW YORK: Mark Zuckerberg’s fortune dropped $4.9 billion Monday as investors weighed reports that a political advertising firm retained information on millions of Facebook Inc. users without their consent. It was a punishing day for other tech billionaires. Amazon.com Inc.’s Jeff Bezos lost $2.1 billion and the fortunes of Alphabet Inc. founders Larry Page and Sergey Brin each declined $1.5 billion. Facebook shares fell 6.8% to $172.56, cutting Zuckerberg’s fortune to $70.4 billion.