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Mark Zuckerberg

Facebook Stock PLUMMETS

5/21/2012 7:26 AM PDT BY TMZ STAFF
breaking news

0521_mark_zuckerberg_facebook
Tough morning for The Zuck -- after a lackluster debut ... Facebook stock is sinking like a stone this morning ... down more than 11% from its opening price.

As of 7:32 AM PDT ... FB had fallen to $33.97 per share ... down $4.26 from its closing price on Friday.

According to MSN.com, the stock was down as much as 14% earlier in the morning.

FYI -- Facebook debuted at $38-per-share ... and many hoped it would explode. It didn't.

Of course, we're still a long way from the closing bell ... and a lot could happen -- good or bad.

Stay tuned ...

153 COMMENTS

No Avatar
76.

rmstock    

a wedding can be a costly excercise, and at times not visible through the number of attended guests

700 days ago
77.

dodie101    

it's overrated. FB is getting too invasive. People wil start leaving in droves. He was smart marrying a Chinese-American b/c he wants in on China. What better way to look good to them. He'll need the Chinese market.

700 days ago
78.

Timmy Boy    

He looks as if he's next to his new wife.

700 days ago
79.

dodie101    

It's a flash-in-the-pan! FB is too invasive. I have never clicked on an ad. It's good he married a Chinese-American b/c he may need the Chinese marke he's after. Not a bad move!

700 days ago
80.

Paul    

I think he did better than most people will do. It's just shows his intelligence extends past computers.

700 days ago
81.

Jeff    

If you're using firefox, get Adblock plus, its a free plug-in and will blaock all ad's from being visible on your facebook.

As for not being able to delete your account. Do you really believe other sites truly "Delete" your account? Simple rule, don't want others to see something, don't post it on the internet.

700 days ago
82.

goldie    

goldman sachs sold have their shares, this is why at the lastest moment they increased the shares to be sold...now that the big players got their money back x 10 they invested, it can all go to the crappers.... facelost book

700 days ago
83.

ted08    

HOW GAVE A CRAPE

700 days ago
84.

oh holland    

Change the name to FacePlant

700 days ago
85.

Toilethead    

Down 11% at the bell. HHAHAHHAHAHAAAHAAA.

700 days ago
86.

dreamon    

Zuckerberg waited wayyy too long to go public. People aren't as excited about Facebook anymore. They have to do something NEW with Facebook if they want to garner interest... to increase it's value to users. Maybe add a new feature, and for pete sakes QUIT CHANGING EVERYTHING. FB is dyin otherwise.

700 days ago
87.

deftdrummer    

Seems to me FB should have just started charging $1 per month from this point forward. With 900 million users...very few would likely be unable to cough up $1.

The second phase would be to implicitly state that members refusing to pay would have their accounts deleted. OK, exit roughly 100 million users (third world).

So now you've eliminated the need for ads or going public, you drastically reduce "privacy cry babies" - since they had the option to stop and not get charged and legitimately have their account deleted.

If FB reversed their data hoarding practices and made the site 100% transparent I'd be willing to bet everyone and their mom (see what I did there?) would be willing to pay $12 a year.

At 900 million users...well you do the math.

And for the record, I hate FB & what it stands for. I deleted my account last month and haven't looked back. Like some others have said: It is a place for you to re-interact with people it took you years to lose.

700 days ago
88.

seemo    

facebook is for losers.

700 days ago
89.

me    

This is what he gets for only allowing the rich to buy his stocks. Poor damn thing.

700 days ago
90.

fredsko    

Guess who just got poked?

http://fredskoler.blogspot.com/2012/05/invest-in-facebooks-ipo.html

699 days ago
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