Zuck Loses Billions As Facebook Shares Sink, But Does It Matter?
May 22, 2012Facebook shared dipped below their IPO price on their second day of trading, Mark Zuckerberg’s net worth declined accordingly, but does this all really matter?
- 0
- 568 views
Facebook shared dipped below their IPO price on their second day of trading, Mark Zuckerberg’s net worth declined accordingly, but does this all really matter?
Shares in Facebook (NASDAQ: FB) closed more or less flat at $38.23 after a tumultuous IPO day plagued with technical difficulties. Many institutional and retail investors have not yet received order confirmations,.
Shares in social gaming company Zynga plunge on the Facebook IPO.
Someone reportedly is willing to pay as much as $4000 per share.
Facebook now trading at around $70/share in Frankfurt. Up from IPO price of $38.
Facebook shares are expected to hit the market at 11:00 EST today.
Facebook will offer 421,233,615 shares of its common stock at a price to the public of $38 per share, and wil trade under the symbol FB.
This week, Facebook quietly unrolled a new look for its iOS, Android, and mobile web apps which does a better job of bringing the crisp, image-focused look and feel of Faceboook’s Timeline UI to mobile users’ News Feeds.
COME FACEBOOK‘S IPO DAY — WHICH IS STILL TO BE DETERMINED — CEO MARK ZUCKERBERG WILL BE RINGING THE OPENING BELL VIA REMOTE LINK FROM FACEBOOK’S 1601 WILLOW ROAD, MENLO PARK CAMPUS.
If the grapevine is to be trusted, Facebook plans to offer $5 billion in stock on May 17th at a roughly $100 billion valuation as soon as the company shores.