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  7. Facebook Stock Plunge Slashes $34 Billion of Market Value

Facebook Stock Plunge Slashes $34 Billion of Market Value

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27 Jul 2012 22:20 #94129 by chairman
Facebook Inc. (FB) (FB) has lost about $34 billion in market value since its May initial public offering, as the operator of the world’s largest social-networking service fails to assuage concerns about how it can make more money from almost a billion users.

Facebook’s stock dropped 12 percent today, its biggest one- day loss (FB) on record, after its first quarterly earnings report as a public company. That brought the plunge to 38 percent since the May 17 debut, which at $16 billion was the largest ever for a technology company. Chief Executive Officer Mark Zuckerberg’s fortune plunged to $12.1 billion today from $13.7 billion, according to the Bloomberg Billionaires Index.

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27 Jul 2012 22:24 #94131 by chairman
Hahahahahahaha..... the next AOL.  Billions invested in a 28 year old who has made no useful product.  Stupid.

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27 Jul 2012 22:29 #94134 by chairman
this is hilarious...go ahead idiots.....keep buying into this scam. they are crammed with teeny tweenies with zero discretionary income and they have no product.....but.....go ahead....buy buy buy.

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28 Jul 2012 07:17 #94140 by mapoui


28 year old..smenty eight year old!  facebook only hides undah dat youthful skunt.  the real perps are prolly the intelligence services making people accustomed to surveillance by stealth.


I got out of facebook a while back.  found out how to delete my account and did.  lots of people doing the same now.


all of those things..facebook...twitter etc., are Big Brother somethings best left alone

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