Running Out of Cash
Facebook shares dropped 9.6% yesterday, finishing at a new low of $28.84 -- reducing Mark's net worth from $16.2 billion to $14.7 billion. All told, yesterday's drop raised the stock's losses to 24 percent ... making it the worst-performing large IPO in the last decade.
Yesterday's drop also cost Mark his spot on the world's 40 richest people list.
Something tells us he still had a few Euro in his checking account.