The honeymoon is over baby. Facebook founder Mark Zuckerberg who just married his longtime girlfriend Priscilla Chan might want to cut back on his spendings after losing $1.5 BILLION on his plummeting Facebook stock. All in a matter of hours. Ouch!
Facebook shares dropped 9.6% yesterday, finishing at a new low of $28.84. That takes Mark’s net worth from $16.2 billion to $14.7 billion. In a nut shell Facebook is now the worst-performing large IPO in the last decade.
Yesterday’s drop even cost Mark his spot on the Bloomberg Billionaire’s List. That has to hurt his ego. Ol’ boy isn’t going broke anytime soon but this still has to be a disappointment. Do you think he saw this coming???