Mark Zuckerberg saw his fortune fall $600 million to $10.2 billion
NEW YORK (MarketWatch) — Facebook Inc. (NASDAQ:FB) co-founder and CEO Mark Zuckerberg saw his fortune fall $600 million to $10.2 billion after shares of the company dropped 6% on Thursday, according to a report by Bloomberg. Zuckerberg’s wealth moved to a new low since Facebook went public on May 17.
Shares of Facebook dropped as the post-initial public offering lockup on selling 271 million shares expired, allowing more stock to be sold in the open market. During trading on Thursday, shares fell to an all-time low of $19.76. The stock is down about 50% from its IPO price of $38 a share. On Friday, Facebook shares edged up 0.9% to $20.03 in premarket trades.