{"id":38434,"date":"2013-05-20T14:50:17","date_gmt":"2013-05-20T18:50:17","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38434"},"modified":"2013-05-20T18:31:51","modified_gmt":"2013-05-20T22:31:51","slug":"mark-zuckerberg-pays-a-5-8-billion-fine","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/20\/mark-zuckerberg-pays-a-5-8-billion-fine\/","title":{"rendered":"Mark Zuckerberg Pays a $5.8-Billion Fine"},"content":{"rendered":"<p>By <a href=\"http:\/\/WallStreetDaily.com\/\"><span style=\"text-decoration: underline;\">WallStreetDaily.com<\/span><\/a><\/p>\n<div class=\"wistia_embed\" id=\"wistia_0exsdixokb\" style=\"width: 525px; height: 319px;\">\n<div>Mark Zuckerberg Pays 5.8 Billion<\/div>\n<p><b>Facebook<\/b> (<a href=\"http:\/\/www.google.com\/finance?q=fb\">FB<\/a>) CEO Mark Zuckerberg has lost $5.8 billion on paper since he took the company public a year ago. Call it a \u201cfine\u201d for allowing the company\u2019s share price to dwindle this year.<\/p>\n<p>And although shares have climbed notably higher since hitting a low in September, the stock has a ways to go before it reaches its IPO level.<\/p>\n<p>Can\u2019t say that we\u2019re surprised.<\/p>\n<p>We\u2019ve been dogging Facebook long before its IPO.<\/p>\n<p>In January 2012, Chief Investment Strategist, Louis Basenese, provided the three most compelling reasons why the company was doomed to fail from the start.<\/p>\n<p><b>~Reason #1: Social Media IPO Flops<\/b><\/p>\n<p>Both <b>Zynga <\/b>(<a href=\"http:\/\/www.google.com\/finance?q=znga\">ZNGA<\/a>) and <b>Groupon<\/b> (<a href=\"http:\/\/www.google.com\/finance?q=grpn\">GRPN<\/a>) had flopped during their IPOs. Zynga traded below the offering price on its first day of trading. And although Groupon zoomed 55.7% higher on the first day of trading, within weeks, the stock collapsed to trade below its IPO price of $20 per share.<\/p>\n<p>Today, they\u2019re both trading way below their IPO price.<\/p>\n<p><b>~Reason #2: Beware Slow Growth<\/b><\/p>\n<p>With IPOs, you\u2019re essentially investing in the future of the company. So if that company can\u2019t grow, watch out below!<\/p>\n<p>And as Louis said last year, \u201cIn about four years\u2019 time, Facebook\u2019s user base went from 66 million to 800 million. If Facebook grows at the same rate over the next four years, its user base would hit 9.7 billion. I can guarantee Facebook isn\u2019t going to keep growing that fast. There literally aren\u2019t enough potential customers on Earth.\u201d<\/p>\n<p>Article By <a href=\"http:\/\/WallStreetDaily.com\/\"><span style=\"text-decoration: underline;\">WallStreetDaily.com<\/span><\/a><\/p>\n<p>Original Article: <a href=\"http:\/\/www.wallstreetdaily.com\/2013\/05\/20\/video-facebook-fb\/\">Mark Zuckerberg Pays a $5.8-Billion Fine<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By WallStreetDaily.com Mark Zuckerberg Pays 5.8 Billion Facebook (FB) CEO Mark Zuckerberg has lost $5.8 billion on paper since he took the company public a year ago. Call it a \u201cfine\u201d for allowing the company\u2019s share price to dwindle this year. And although shares have climbed notably higher since hitting a low in September, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/20\/mark-zuckerberg-pays-a-5-8-billion-fine\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mark Zuckerberg Pays a $5.8-Billion Fine&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38434","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38434"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}