by Jack
Mark Zuckerberg was for a brief moment in the top 40 of the worlds richest people (on paper), but not anymore, he’s lost billions. Since the debut of Facebook stock it’s been a long slide down. Today was a huge drop, $1.70 or 5.74%.
FB has skidded from $42 to $27 since May 18th. So Zuckerberg lost billions, but don’t feel too sorry for him, he’s still worth billions and he cashed in a billion dollars in stock on its opening while many investors lost a ton of cash (a 38% decline since the IPO).