Wednesday, 30 May 2012

Mark Zuckerberg Running Out of Cash


Really is Mark running out of cash? What’s happening?

Mark Zuckerberg desperately needed to refill his wallet in Italy yesterday -- stopping by an ATM on the island of Capri ... after losing $1.5 BILLION on his plummeting Facebook stock ... in a matter of hours.



Facebook shares dropped 9.6% yesterday, finishing at a new low of $28.84 -- reducing Mark's net worth from $16.2 billion to $14.7 billion. All told, yesterday's drop raised the stock's losses to 24 percent ... making it the worst-performing large IPO in the last decade.

Yesterday's drop also cost Mark his spot on the world's 40 richest people list.


11 comments:

Angie said...

The guy is still genius, he cant go broke , he will come up with sth

Anonymous said...

Cld it be d wife is bad luck, that are only gd 2gether as friends not marriage?im jst saying o!

Anonymous said...

Haba, he still has alot in account, its only $1.5 that he lost

Henry said...

Mark will always be my mentor,he is only 27yrs and he has achieved so much

Anonymous said...

Hahaha...these happen in business, he will bounce back

Wilson said...

Every time can't be rosy in a hostile world like ds, if one does not fall in business that means sth is really wrong and that person shld be worried...Donald Trump and others can testify to that

Anonymous said...

That a huge amt has gone down drain

Anonymous said...

coming down to 40 among d riches people shows u can be top 4ever, someone out there is striving to knock u down real hard

Anonymous said...

That's business world 4u,if u dont have a thick and strong will and know ur game, u cant survive, but i think mark is on top of his game

Tiffany said...

We have been hearing alot abt facebook shuting down for yrs and its has not so this loss will not break him

Allan Morais said...

Technology isn't meant to be a long term investment. Eventually, something new and better will come along - just like when Facebook replaced MySpace. Mark needs to come up with something that could make Facebook a more enticing investment. I hope that he'd be able to make both ends meet.