Facebook is Now Worth Half its Original IPO Value

The Atlantic Wire
Facebook is Now Worth Half its Original IPO Value
.

View photo

Facebook is Now Worth Half its Original IPO Value

Ah, remember Facebook's IPO in May? Those were the good old days for the company, which is now worth just half of its IPO-day valuation, according to Bloomberg. At 3:58 p.m. EDT, shares were at $19.03, Bloomberg's Brian Womack reported. On its first day, it ended at $38.23

RELATED: Facebook Makes Its Own Advertising Problems

This comes as The Wall Street Journal's Shayndi Raice reports that Facebook CEO Mark Zuckerberg said that he found the value-decline "painful" in a company meeting. We're guessing that this new news is going to cause even more pain.

View Comments