Facebook update: 2nd day of IPO trading declines, about $2 billion loses
Linkedin

Facebook update: 2nd day of IPO trading declines, about $2 billion loses

Palo Alto : CA : USA | May 21, 2012 at 6:37 PM PDT
XX XX
Views: Pending
 
Facebook Shares Begin Trading

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 Mark Zuckerberg 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 Los Angeles Times.

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.

1 of 28
Next
Television news reporters speak work outside of Facebook headquarters in Menlo Park before the company's IPO launch,
Television news reporters speak work outside of Facebook headquarters in Menlo Park before the company's IPO launch,
JeniferLamug is based in Hong Kong, , China, and is a Reporter on Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 

Blogs

 >

Images

 >
 

More From Allvoices

Related People

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.