Mark Zuckerberg final admits it’s “painful” to see Facebook stock go down so much. It’s especially painful for Mark when you consider how much money he’s lost since the Facebook IPO, when the stock was trading for nearly $40 a share. Zuckerberg has lost nearly $10 billion dollars in paper wealth. Yes, that’s a lot of money and a lot of hoodies and sandals he could have bought.
I have to say it’s fun to see Facebook’s stock collapses like this. There was just too much hype and excitement around a company that doesn’t really make anything. Remember, Facebook ain’t Apple. And, let me ask you this, have you ever clicked on an ad at Facebook and actually bought something?