The epic fail on wall street. Facebook stock tumbling further. Some are questioning if the man in the hoodie is to blame. He's maintained radio silence until now. It may be painful. According to... See More
The epic fail on wall street. Facebook stock tumbling further. Some are questioning if the man in the hoodie is to blame. He's maintained radio silence until now. It may be painful. According to multiple sources, those are the first w we have heard from mark zuckerberg since his company's disastrous ipo three months ago. He's under pressure to turn his stock around. One headline is zuckerberg in over his hoodie? He's come up in front of the whole company, he said we know this is painful for you. You can talk about this. And we want you to have faith. Reporter: The pain he referenced, this brute m stock slide. From $38 to the closing price on friday, $19.07. And some see his dress as a sign he's not serious enough. He owns so much of this company, there's though chase he's going to give up power over a bad stock price. Reporter: He may come out the biggest loser. Since may, he's lost millions of shareholder friends and some $9 billion in personal wealth. Let's do this. Reporter: On the day his company became the third largest ipo in history. He foesed this photo of a poster saying stay focused, keep shipping, on his facebook page. The pressure to keep morale high is rising. People in their heads think they're worth a lot more money initially than they end up worth. That can be an emotional thing for people. I can't imagine that it isn't scary when you thought you had enough money to buy a house and all of a sudden you don't. Another being loser. The state of california had been expecting to take in so much more tax revenue and they continue to miss the estimates. The biggest loser, zuckerberg, $9 billion. He's still got a few million. A new twist this morning. This face right here.
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