Report by JENIFERLAMUG
It may be a good week start last week for the Facebook co-founder and CEO, when he turned 28-years old, brought his company to public for IPO trading and then married his long- time girlfriend on Saturday.
But Los Angeles Times.seems not having a good week start this week as his company loses a staggering $2.11 billion on Monday, which was the regular and second trading day. Shares were first traded at $35.75 to $33 only and eventually ended at a stock price of $34.03, according to
Last Friday, Facebook holdings value ended at $19 billion as shares traded at $38 IPO price. Zuckerberg who controls 503.6 million shares of his company with an equivalent value of $19.25 billion dropped to $18 billion and eventually waned to $16.62 billion.
With the final stock price, the newlywed billionaire’s Facebook holdings got a worth of $17.14 billion.