Facebook's founder and CEO, Zuckerberg, is the Biggest Loser. He holds 503 million Facebook shares and calculates that by the close of Friday, the shares were worth about 12 billion dollars and the wealth evaporated about 7 billion dollars since the IPO.
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Facebook's listing has been so full of confidence that it's an old saying: "The higher you lift, the more painful you fall." From the IPO price of 38 U.S. dollars fell to the current 23.7 U.S. dollars, the decline has more than 37%. Small shareholders suffer losses, those big shareholders are even worse, watching their hands of wealth missing.
Facebook's founder and CEO, Zuckerberg, is the Biggest Loser. He holds 503 million Facebook shares and calculates that by the close of Friday, the shares were worth about 12 billion dollars and the wealth evaporated about 7 billion dollars since the IPO.
Facebook CEO Zuckerberg
Not only that, other co-founder Dustin Moscow and Eduardo Savilin were also hit. Dustin Moscow has 133.7 million shares of Class B, worth 3.2 billion of dollars, down 1.9 billion dollars from the IPO. Eduardo Savilin has 1.3 billion of dollars in shares and has fallen 765 million dollars since the IPO.
The decline in Facebook's shares was due to a fall in operating profits in the second quarter and a slowdown in revenue growth. The analysis argues that Facebook must quickly reverse the situation and prove itself to Wall Street.
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