Tuesday, May 22, 2012

Zuckerberg lost £1bn in three days of marriage: Facebook shares slump after £65bn flotation euphoria

In the three days since his wedding – held the day after Facebook’s £65billion flotation on the stock market – the firm’s value has slumped by more than £12billion.


It meant Mr Zuckerberg’s personal fortune had fallen by £1.3billion in the middle of the day’s trading, as he saw his company’s share price tumble well below its £24 opening on Friday.


Setback: Facebook CEO Mark Zuckerberg with new wife Priscilla Chan on their wedding day, since when his company's value has slumped by £12billion. Some investors were down by as much as 25 per cent.

The news from Wall Street may rather have taken the shine off his first days of wedded bliss. 

The Facebook founder married 27-year-old Priscilla Chan, his girlfriend of nine years, on Saturday.

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