Shorter Excerpts (From A Work In Progress)

thecallus:

shortformblog:

kateoplis:

“Facebook founder Mark Zuckerberg’s net worth is now at its lowest since his company’s May 17 initial public offering, as the company’s shares hit a new low on Thursday. Facebook shares sagged 6.3 percent as it put millions more up for sale; the day’s drop personally cost Zuckerberg $600 million. His net worth is now down to $10.2 billion, according to Bloomberg, while other Facebook founders have also lost big. Chris Hughes, the new owner of The New Republic, lost $400 million since the IPO, Dustin Moskovitz $2.4 billion, and Eduardo Saverin, $960 million.”

Zuckerberg Loses $600 Million | Cheatsheet

OUCH. Those co-founders have each lost nearly half of their net worth.

Investment income: maybe not the same risk profile as ordinary income.

Poor babies how will they ever survive on…still higher net worth than Mittens Romney? Why only Zuck will be able to buy a really nice place in the Hamptons at this rate; the rest will have to *gasp* rent for vacations.

(via thecallus-deactivated20130520)