Facebook Inc.’s scandals are finally hitting the company where it hurts: growth. The social media company has contended for years with criticism about its content policies, its failure to safeguard private data and its changing rules for advertisers. Those problems hadn’t mattered to the success of the business - until now. Facebook on Wednesday reported second-quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year. His fortune tumbled in late trading Wednesday, as shares of the social media giant slid 20% in post-market trading in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index.

Facebook Inc.’s scandals are finally hitting the company where it hurts: growth. The social media company has contended for years with criticism about its content policies, its failure to safeguard private data and its changing rules for advertisers. Those problems hadn’t mattered to the success of the business - until now. Facebook on Wednesday reported second-quarter sales and user growth that fell short of analysts’ projections. And the company told Wall Street the numbers won’t get any better this year. His fortune tumbled in late trading Wednesday, as shares of the social media giant slid 20% in post-market trading in New York on disappointing results. If that holds through Thursday’s close, he will slide to sixth place from third on the Bloomberg Billionaires Index.