Facebook IPO

[Supermalt]

By Jacqui Goddard

11:18AM BST 27 Apr 2013

 

Facebook founder Mark Zuckerberg's $2.3 billion financial wizardry

Mark Zuckerberg, founder of Facebook made almost $2.3 billion from exercising stock options last year shortly before the company's share price plummeted in a near-disastrous initial public offering.

 

Regulatory documents filed with the Securities and Exchange Commission in Washington DC on Friday show revealed the magnitude of Zuckerberg's windfall after he exercised a long-standing right to acquire 60 million shares in Facebook Inc.

He then sold just more than half of them in the May 2012 flotation of the world's most popular social media website for $1.1 billion at the launch price of $38 – more than enough to cover his tax bill on the gain.

Investors who joined the rush to buy Facebook stock have suffered since the company was floated.

Despite 460 million shares changing hands in early trading – a record for a public offering in the US – the price of each share had slumped by $7 by the end of the second day on the NASDAQ exchange, and had fallen further to barely half its initial value within three months.

At the close of trading on Friday, Facebook Inc shares were worth $26.85 apiece.

 

[time_bomb]

deffo gone clear

[Jam]

.

[imhim]

AND THATS LIQUID MONEY
 

 

 

 

 

 

LIQUID...

[time_bomb]

anyone know how to turn off the photos ur tagged in?

 

i dont wanna untag myself, just have it so only i can see it.

[time_bomb]

its ok done it, go to privacy and change who can see what im tagged in to 'only me'