website statistics

Facebook's stock has fallen 24% as off now, from its IPO valuation. And, due to the stock drop, Facebook CEO Mark Zuckerberg has tumbled from the list of ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

Around two and a half month ago analysts were making predictions that Facebook stock may hit $46 within a year. But the reality seems to be different. Facebook’s stock has fallen 24% as off now, from its IPO valuation. And, due to the stock drop, Facebook CEO Mark Zuckerberg has tumbled from the list of world’s top 40 richest people. And what about all those predictions? Well, they seems bleak.


Mark Zuckerberg

Few months ago and could be till now, Facebook’s IPO was one of the buzzing topics in both the tech and financial industry. Facebook went public on May 18 at $42.05 and fluctuated between $45 and $38 throughout the day. It closed barely above its IPO price, at $38.23. The stock had fallen sharply in the weeks following the IPO, going as low as $25.52. But, as the company’s stock plunged, Zuckerberg’s paper wealth came down to $14.7 billion from $16.2 billion.

In March, Zuckerberg was the in no. 35 position on the list of world’s top 40 richest people. At that time, he had $17.5 billion worth of property. Not any more. He is now out of the top 40 richest people in the world. Due to the continuing slide in Facebook’s shares Mark Zuckerberg is now out of the list.

Here’s the selected list of how Facebook’s stock has closed since the IPO.

— Friday, May 18: Closed at $38.23, up 0.6 percent from IPO price

— Monday, May 21: Closed at $34.03, down 11 percent for the day, down 10 percent from IPO price

— Tuesday, June 5: Closed at $25.87, down 3.8 percent for the day, down 32 percent from IPO price

— Tuesday, June 26: Closed at $33.10, up 3.2 percent for the day, down 13 percent from IPO price

— Thursday, July 19: Closed at $29, down 0.4 percent for the day, down 24 percent from IPO price

Source : CNET
Thanks To : Boston, Forbes

Buy Cheapest Related Product From Amazon.com


Indonesia Blocks 1 Million Pornographic Sites, Plans To Continue Operation

Microsoft’s Wedge Touch Mouse
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On July 21, 2012(4 years, 0 months ago.)

You May Also Like:

What Do You Think?

1 Response

  1. Asif2BD Says:

    Lets see how the year ends. Maybe Facebook could gain some traction.

    Posted on July 21st, 2012 at 2:05 PM

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

Pokemon Go users are complaining about the crashing and server issues. Check out the tutorial to solve error problems and thanks us later.
Turning off Wi-Fi Assist is a great way to save mobile data since it automatically starts using cellular data when Wi-Fi signal is poor .
If you want to secure your SIM card from others using it, then check out this tutorial to know how to set up the SIM Pin code on your iPhone.
CiderTV is a great alternative to control Apple TV from the Notification Center. Check out this tutorial to set up CiderTV on your iPhone.
Are you annoyed by the split screen mode on the iPhone 6 Plus or 6s Plus? Check out this quick tutorial to turn off split screen feature.
If you could not wait to installed the iOS 10 beta version on you iPhone and now struggling for the errors, then this tutorial is for you.
Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook