Maybe taking Facebook public wasn't the best idea after all.
Since the initial public offering, the price of the company's stock has dropped dramatically. What started out as $38 a share is now just $27.24 (as of right now) and the company's worth has dropped by at least $25 billion!
Since Mark Zuckerberg's fortune is dependent on the stock's performance on the market, his worth has decreased by $5 billion. In fact, he's actually been knocked off of Bloomberg's list of top 40 billionaires worldwide.
As of May 18, the young entrepreneur was worth
Tags: billionaire, bloomberg, company, facebook, ipo, mark zuckerberg, stock, stock market, worth
Did U invest in Facebook when it hit the stock market on Friday?
If so, you're probably more than a little disappointed that the stock value immediately plunged by over 11%!
Stock in the social network debuted at $38-per-share, but is now at $33.64 (and fluctuating as we speak).
What a bummer!
This probably isn't the best news for Mark Zuckerberg to wake up to on the Monday after his surprise wedding over the weekend. Hopefully he doesn't let business bring his mood down from one of the most joyous occasions of his life.
[Image via WENN.]
Tags: business, facebook, mark zuckerberg, marriage, nasdaq, share, stock, stock market, wedding, weekend, wife
Want to own a piece of Facebook?
When the company goes public on May 18th, one share will cost you somewhere between $28 and $35.
We don't see the social network going away anytime soon, so it might not be a bad investment. However, analysts are predicting that the price of stock will only increase as
Tags: facebook, ipo, mark zuckerberg, price, share, stock market, stock price
It was only a matter of time, folks! Starting May 18, you can get your hands on some Facebook stock when the company finally goes public to become the largest IPO in internet history.
celebrate raise more money from investors and prepare for the stock market launch, the social network is going on a nine day IPO roadshow beginning May 7. The tour will stop in New York City, San Francisco, Boston, Chicago, Baltimore and potentially Los Angeles to pitch to investors in hopes of raising up to $10 billion!
While CEO Mark Zuckerberg will make a few appearances along the way, COO Sheryl Sandberg and CFO David Ebersman will be the main stars of the show.
Are U going to buy yourself a piece of the internet's most popular website?
[Image via WENN.]
Tags: david ebersman, facbeook, initial public offering, internet, ipo, launch, mark zuckerberg, sheryl sandberg, stock market, website
If you believe in life after death in the iClouds, then you'll believe Steve Jobs is fluffin it up extra today.
Apple shares have risen three percent, marking a "historic closing high of $422."
If you'd like to know how valuable these shares are, Apple is still worth four times what Disney and Time Warner are worth…combined. ….that's A LOT of green!
Since Steve Jobs' death (tear), the overall stock has risen twelve percent.
Thank you, Steve, for getting people excited about stocks again!
Tags: apple, death, investment, ipad, iphone, mac, record high, steve jobs, stock market, stocks