It’s been a crazy week on the stock market for the tech sector again. Apple has had problems for the first time and Netflix had their own issues.
Well now Facebook is in the news.
Check out this article called “Wither Zuck bucks: Facebook founder loses $3B in 48 hour” by Paul Sloan and discover how Facebook’s stock descent has affected Mark Zuckerberg…
“For the hordes of investors large and small who bought into hype around Facebook’s IPO — heck, even for those who snapped up shares a two days ago — this will offer little comfort. But in the last two days of trading, the assault on Facebook’s stock has shaved a few billion dollars off the Facebook’s famously rich founder’s net worth.”
“More specifically, since the close of trading on Wednesday, Mark Zuckerberg has lost almost $3 billion, at least on paper. (His total stake is still worth about $11.8 billion, a far cry from the $19 billion he held at the IPO price).”
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