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Zuckerberg sees fortune drop

  • Tech stocks have been through a rough week and Mark Zuckerberg lost $3.1B since Facebook dropped 11 percent. Moreover, Google co-founders Sergey Brun and Larry Page saw their fortunes drop by $3B as well. 

    Facebook's loss followed an announcement that the company had bought a virtual-reality company and Google and Amazon mentioned that they plan on cutting prices for services. 

    "With regard to frothy, speculative stocks, some people are saying maybe it's time to take a few chips off the table," portfolio manager John Carey said. 

    Tagged as: facebook loss, tech company losses, tech companies, technology news