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Mark Zuckerberg has lost $9 billion since Facebook's IPO

Mark Zuckerberg has lost $9 billion since Facebook's IPO

By Ryan Faughnder
August 3, 2012, 9:50 a.m.

Facebook's Mark Zuckerberg, who owns 503.6 million shares of the world’s largest social network, has lost about $9 billion since the company went public in May.

The 28-year-old co-founder has seen the value of his company fall by nearly half since its initial public offering at $38 per share.

On Thursday alone, his fortune fell by $423 million when the stock price reached a new low of $20.04.

Read more: http://www.latimes.com/business/technology/la-fi-tn-zuckerbe...