Facebook CEO Mark Zuckerberg is sued after the stock collapse

Just one day after Facebook CEO Mark Zuckerberg lost $ 119 billion ($ 176.8 billion) of his fortune, he is in hot water again. The lawsuit filed by shareholder James Kacouris in the Manhattan federal court has accused Facebook, Zuckerberg and Chief Financial Officer David Wehner of making misleading statements as a result of a lawsuit filed by the company of social media. The market was "shocked" when "the truth" began to emerge on Wednesday from the company based in Menlo Park, California.

He said that the 19 percent plunge in Facebook's stock the next day came from violations of federal securities law by the defendants.

A Facebook spokesperson declined to comment

Shareholders often sue companies in the United States after unexpected stock price declines, especially if the loss of wealth is significant. his treatment of user data in a scandal also concerning the British company Cambridge Analytica. Many were consolidated in the federal court in San Francisco.

The fall of Thursday also hit the bottom line of Zuckerberg.

Zuckerberg was tied with Warren Buffett as the fourth richest person in the world, but Berkshire's current president Hathaway Buffett ranks third among the world's billionaires, while Zuckerberg is sixth.

Facebook shares fell another 0.8% on Friday to close at $ 174.89 on the Nasdaq.

Intel held this record with a decline of 91 billion US dollars in September 2000.

The founder Mark Zuckerberg, who owns a 13% stake in Facebook, saw his fortune fall by more than 12 billion dollars US. The fall came after the social media giant revealed that three million European users had closed their accounts since the Cambridge Analytica data scandal. The record drop has brought down the Nasdaq by more than one percent of the technology.