Is Zuckerberg to blame for Facebook’s slumping stock? Peter Thiel, an early Facebook investor has just sold his initial $500,000 investment in Facebook for a profit upwards of $1,000,000,000. This scares away many investors, because they believe the company will not do well with all these investors selling their shares. Lately, the price of Facebook stock dropped from the initial $38.00 to just $18.75. This is mainly due to Facebook earning their revenue from advertisements, but the company will not explain what exactly they’re spending this revenue on.
Investors are turning to Mark Zuckerberg, Facebook’s CEO, for answers. Many believe he is too young to lead a company as large as Facebook. Although many are blaming him for Facebook’s problems, he is not at risk for losing his job. This is due to him owning 20.7% in Facebook’s stock and a 57% voting stake in the company.
You could probably use some emotion I felt like i was a walrus. But overall it was alright.
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