By MIKE JONES Associate Editor on Jul 27, 2012, at 2:46 PM Updated on 7/27 at 3:04 PM
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All together now, awwwwwww.
Poor (not financially poor) Mark Zuckerberg is $7.2 billion less wealthy.
That’s billion with a “b.” Times are tough all over.
The CEO of Facebook has had a rough time since Facebook went public. The much-anticipated public offering of Facebook, however, wasn’t the big hit that many believed it would be.
The IPO saw a mere 30 million shares of stock purchased. Zuckerberg still has 503 million. On day one the stock was offered for $38 a share. It fell short of that. Two months ago, the company was worth $100 billion. As of Friday, the stock fell to $22.38 a share, its lowest point.
I’ve never understood the attraction of Facebook. It’s just not my kind of thing. It is wildly popular with younger folks and even some of my peers find it interesting. There seems to be some people who are on it all day. Don’t these people have something better to do?
Still, I don’t get it. Its only product is information. And mostly, it seems to me, the information is worthless. I know some long lost friends have become reacquainted through Facebook. I know some have found the love of their life and are living happily ever after. And it is helpful for aspiring artists.
But for me, it looks to be the way of “finding” some “friends” from high school who weren’t really your friends even back then. The best I can tell is it is a good way to find out what an old acquaintance is doing each morning on his or her patio. If that’s important to you.
The down side is it also reacquaints you with people who are no longer the same people you remember from 30 or 40 or more years ago. Personally, I have found that I have grown apart from some folks who I once really liked. People change. I don’t want anyone sending me the latest questionable joke or another bogus charge about President Obama’s birth.
So, I don’t “get on” Facebook very often.
I hope I haven’t hurt Zuckerberg’s bottom line. I hope he can still pay the bills. I don’t wish him personally any financial harm.
Gee, he’s only got $11.98 billion (with a “b”) left.
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