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 ...

What Gadget you are getting this Holiday?

View Results

Loading ... Loading ...
1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading ... 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(2 years, 1 month ago.)

Recent Products

Buy Now | Compare  

What Do You Think?

Loading Disqus Comments ...
Loading Facebook Comments ...

Recent Search

Recent Tutorials

The trick will let you to check your Facebook messages in the original app without downloading Messenger and it works with both iPhone or Android phone.
Want to block all disgusting ads from your android device? Read the tutorial to know how you can block ads on your Android and save data.
Want to repair your memory card? It's very easy to fix corrupted or damaged memory card. In fact you can fix it by yourself.
Are you the one who is frustrated because of the speed of your Android device? No worries, the article will help you increase the speed of that device.
Lately, Google has updated its Google Docs. Now users can crop, rotate, and add borders to images in a document without leaving Google Docs.
Adobe CS products are not free, but the good news is you can now download Photoshop CS2 & all other CS2 product completely free and it's absolutely legal.
At the beginning level, many people don't know how to use Gmail properly. For them, a here's a helpful guideline.
Skype now allows you to call directly from your Outlook account. Find the step-by-step installation process from this tutorial.
This tutorial helps you quickly resolve four of the most common problems that occur with Windows XP.
After releasing Look Back, many people didn't like it. So Facebook planned to add an Edit tool to the feature and now you can edit your Facebook Look Back video.
Close You Have To Login
Login With »Login With TwitterLogin With Facebook