Transcript for Facebook Stock Down While Dow Index Up
yourself tested. Good news from wall street. The dow soared over 13,000 for the first time in a long time. One person not making out in today's market. Mark zuckerberg. Shares of facebook fell to an all-time low of $23.71, nearly a 40% decline from the company's ipo. No one's take an bigger hit than the founder, who has lost billions. It was supposed to be the most successful new company in decades. Facebook's long-awaited stock offering. The buying and selling of facebook stock today was feverish. Reporter: During a buzz from wall street to hollywood. A million dollars would be cool. You know what's cool? Reporter: Certainly not losing $1 billion. Mark zuckerberg has seen $7.2 billion in net worth wiped out. That hasn't seemed to faze him. He married in an intimate backyard ceremony. DINING AT a McDonald's while on his honeymoon. Taking advantage of record low rates to refinance on his unassuming home. How does the company he made so popular with its users turn into such a disappointment with investors? The big problem, more than $500 million people log on to facebook from mobile devices. That has led some to wonder if zuckerberg can find an answer. At some point, the advertisers will find better ways to advertise on mobile devices. They'll turn to facebook for that. I asked that analyst when he thought investors would like the stock again, he said it could drop another 30% before other investors start buying. No matter what, zuckerberg will still be rich. A bizarre murder for hire
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