Shorter Excerpts (From A Work In Progress)

Mark Zuckerberg: Worth a lot less than he was before




“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)

  1. pod313 reblogged this from kateoplis
  2. ashleelisbeth reblogged this from shortformblog
  3. omniacausafiuntt reblogged this from kateoplis
  4. toomanykitties reblogged this from shortformblog
  5. rjgreen83 reblogged this from kateoplis and added:
  6. pbnpineapples reblogged this from genericlatino
  7. miss-antichrist reblogged this from kateoplis
  8. elysethegorgonqueen reblogged this from generalbriefing
  9. optima-dies--prima-fugit reblogged this from kateoplis
  10. hoodgoddess reblogged this from kateoplis
  11. sonicbloom11 reblogged this from shortformblog and added:
    I feel so sorry for him.
  12. tr0tskitty reblogged this from genericlatino
  13. artofnarcissism reblogged this from shortformblog
  14. jaycuhcuhcub reblogged this from s3nketsu-sama
  15. imperatrice reblogged this from shortformblog
  16. bernardin reblogged this from kateoplis and added:
    You know you’re rich when losing $600 million doesn’t mean you’re on the street sucking dick for beer money. At this...
  17. viomatic reblogged this from shortformblog
  18. gadaboutgreen reblogged this from genericlatino and added:
    The bolded.
  19. ifilikeityoulikeit reblogged this from kateoplis and added:
    *63 years, 137 days, 15 hours, 33 minutes, and 18 seconds to count to 2 billion. So subtracting the additional time it...
  20. noemigayle reblogged this from shortformblog and added: