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The richest tech CEOs lost $12 billion on Facebook’s fall from grace

Preeti Varathan
The richest tech CEOs lost $12 billion on Facebook’s fall from grace

It’s been a tough 24 hours for Facebook CEO Mark Zuckerberg. Since news broke that Cambridge Analytica, which consulted for Donald Trump’s election campaign, had mined the data of millions of Facebook users without their permission, Facebook has taken a massive hit. The scandal erased $40 billion in market value for the social-media company. British…