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
Real Housewives of New York's Ramona Singer is bitching about rumors that her former castmate Bethenny Frankel made $120 million to sell her Skinnygirl Margarita company.
"Oh no, she likes to exaggerate. It's rumored, remember? It didn't say fact. Rumored.
I was thinking before that figure came out she got about $30 million total. And divided that between her and her partners David, and usually they do a pay out, they don't give you the money up front, they pay you out over time."
Sounds like Ramona is just a taaaaad jealous of Bethenny's success. Don't get so Ramotional, Ms. Singer - Ramona's Pinot Grigio is sure to rake in some dough too. Probably not Skinnygirl dough, but still, we wouldn't worry if we were you, honey.
[Image via WENN.]
Tags: jealousy, ramona singer, real housewives of new york, skinnygirl, worth