Facebook IPO
Facebook IPO
Out of context: Reply #266
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Facebook stock slump cuts Zuckerberg's worth by $600M
The fortune of Mark Zuckerberg, Facebook's co-founder and CEO, dropped to a new low Thursday.The 28-year-old's net worth fell to $10.2 billion, its lowest point since the company's May 17 initial public offering, according to the Bloomberg Billionaires Index. Facebook shares sank 6.3 percent Thursday after the company freed up 271.1 million shares, a move that boosted the amount of stock available to trade by 60 percent. The shares closed at $19.87 in New York after dipping to a record low of $19.69 earlier in the day.
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