another awwwww...Zuckerberg Falls From Tech’s Richest as Facebook Falters

[dixiegrrrrl]

I will try to hold back the tears as I type this.

Takeaway:
"Facebook shares have fallen 47 percent from their initial public offering price of $38."

"Zuckerberg is now worth $10.2 billion".

http://www.bloomberg.com/news/2012-08-03/zuckerberg-falls-from-tech-s-richest-as-facebook-falters.html

That is tragic. How will the poor guy cope?

[darkangel218]

1. I dont think that the guy is very bright

I remember seeing on tv he bought a 10 mil. dollars house but he FINANCED it!! I mean, what's the point?? What if his bussiness goes belly up, at least he wouldve had his home

[dixiegrrrrl]

2. Maybe he needed the mortgage tax deduction????

Wonder how much the monthly payment would be....the interest portion alone is making someone rich.

[darkangel218]

3. Thats a possibility.

The interest was only 1% from what I remember. Still a lot if you consider the amount borrowed.

[CJCRANE]

4. It probably helps his cash flow

to keep hold of the money and pay off the mortgage slowly (instead of in just one go).

He's also probably banking on getting more than a 1% return on the money he keeps hold of.

[frylock]

5. haters gonna hate