Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

originally posted by: lakenheath24
No....BUT. whats worse....denying free speech or allowing retarded opinions? In the end though....its about numbers. Peeps aint signing up as fast. And for gods sake would someone at least sake would someone please acknowledge that a large amount of facebook accounts sre known fakes! Why isnt the SEC doing something about that????????


a reply to: alldaylong

One thing that nobody seems willing to talk about, is how Facebook, Twitter, and YouTube are censoring conservative content. How many people do you think that's driving away?

Because you know at some point Republicans are going to start investigating whether those companies are meddling in our political process.

originally posted by: whyamIhere
Facebook doesn’t make anything.

Better software will emerge.

Facebook will go the way of MySpace.

Instagram and Snapchat for the win!

70% of the 2.4 billion shares of Facebook are held by 'institutions'.

Institutions (banks,hedge funds etc).

originally posted by: lakenheath24

Mark Zuckerberg loses $16B in one day as Facebook stock plunges 20 percent

The cat just lost $16 BILLION IN ONE DAY!!!!!!!!!!!!

This is what I think....


Facebook, Google, Youtube etc... I hope they all tank and go down like Myspace...

a reply to: imitator

Facebook, Google, Youtube etc... I hope they all tank and go down like Myspace...

Ditto!!!!!

Please fail! Please fail!

It will create a vacuum where my potential competing company ButtHurtBook will thrive!!!

All the left will be welcome to ButtHurtBook to rant, listen to their echoes and of course... CIRCLE JERK!

I won't collect personal information -- unless you consider tears personal information.

FANG stocks.

Facebook

Apple

Netflix

Google.

Common denominator ?

They all suck, but make people money.

Massive amount of volume.

I'm thinkin hedge fund power play.

a reply to: Bluntone22

Heard they pay their network engineers 180k CCNP level with a few years experience

Oh btw, I'm buying.

originally posted by: lakenheath24
a reply to: neo96

The thing with that....is he really "worth" that much? He couldn't retire and cash in the whole lot...it doesn't work that way once you are public.


Anyway, I have questioned this company before. How in the Heck do you make money when your stats are patently false? It's like Ford lying about how many Mustangs they sold.

This explains it a bit better...
nymag.com...

What’s stopping Mark Zuckerberg from being able to sell all his shares?

a reply to: neo96

link???

a reply to: lakenheath24

www.tradingview.com...

a reply to: Alien Abduct

I can't speak intelligently, but imagine Zuck started offloading shares one day. Prices would collapse long before he could cash them all in.

a reply to: neo96

Jeezus bro, educate an old fool!!!!!!!!

a reply to: six67seven

How many peeps 401ks are wrapped up in there? Not a fan, just wanna know how they survive things other companies would fail for.

a reply to: lakenheath24

In it's simplest terms.

Facebook was overbought, and the bottom just fell out.

Which wiped out around a month of gain.

The Green line where you see E's at the right edge of the legend.

Volume.

What does he really care? He personally made $3.5 billion this year alone.

Facebook Insiders Sold $3.9 Billion of Shares Since Scandal

And btw, FB isn't going anywhere anytime soon.

Edited at the bottom

Biggest loss ever.
Previously it was Intel that lost the most in a single day.

Another news outlet is saying he lost 90 billion leaving him with 12 billion.
But I think they have their numbers mixed up.

The mirror

Edit: I read it wrong. They are not claiming he lost 90 B.

originally posted by: lakenheath24
a reply to: Alien Abduct

I can't speak intelligently, but imagine Zuck started offloading shares one day. Prices would collapse long before he could cash them all in.

That’s why he wouldn’t sell them on the open market. Another option for him might be to sell his shares of the stock to another firm that wants his interest in Facebook. In a scenario like this, a stock sale negotiation would likely happen but my guess is that the offer presented to him would be far less than the market value of the stock.

So yeah, he can sell without crashing the stock.

Average trading volume(10 day) for Facebook 20.9 million shares.

Todays volume 160,000,000+ shares.