Updated Aug. 17, 2012 at 4:17 p.m.

Premium Lock Facebook shares plunge to new low, costing founders billions

Published: 2012-08-17 10:37:00
Updated: 2012-08-17 16:17:45

Ringing the bell for Facebook Mark Zuckerberg, chief executive officer of Facebook Inc., center, Sheryl Sandberg, chief operating officer of Facebook, center left, and Robert Greifeld, chief executive officer of Nasdaq OMX Group Inc., center right, applaud after remotely ring the opening bell for trading at the Nasdaq MarketSite from the Facebook campus in Menlo Park, California, U.S., on Friday, May 18, 2012. Facebook Inc. is set to start trading today after a record initial public offering that made the social network more costly than almost every company in the Standard & Poor's 500 Index. Photographer: Zef Nikolla/Facebook via Bloomberg Image 1 of 2 · Next Image…

Another big drop hits Facebook on Frday. The fortunes of Mark Zuckerberg and others who launched Facebook have seen the values of their holdings plummet as the company's stock plunges in value....

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I'd like to know who invested North Carolina retiree's money in the first offering of Facebook causing the retirement system in our state to loose a huge amount of retirees money!!! What an irresponsible move!!
Is anybody really surprised? I am not, and for the longest time it has been considered overvalued tech stock. Next, investors will complain that the investment should have been guaranteed and not had any risks..............
No sympathy here, either. I personally can't wait for the day that Facebook breaks apart and its "technology" is sold off.
Well golly gee, how is he EVER going to live on such a paltry sum????? No sympathy for ANYONE who's net worth is >10 BILLION!
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