Facebook stock endured a shot after the interpersonal organization declared monstrous changes to its news sustain. What’s more, nobody felt that hit more than Mark Zuckerberg.
The originator and CEO of Facebook claims more than 400 million offers of the organization, which means stock vacillations hit him the hardest. The trap is making sense of precisely how hard — and that is the place things get somewhat troublesome.
As of April 14, 2017, the organization’s last intermediary proclamation, Zuckerberg claimed more than 2.6 million offers of Class A stock and almost 411 million Class B shares. In September, however, he declared plans to offer upwards of 75 million offers over the accompanying year and a half “to support the charitable activities of [he] and his better half, Priscilla Chan,” as indicated by a documenting.
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So, for argument’s sake, let’s say he’s halfway through that sales goal (unlikely, but it doesn’t hurt to be conservative) — bringing his total holdings to approximately 377 million shares.
Given the company’s 4.5% drop on Friday, that would mean Zuckerberg lost more than $3.1 billion, on paper at least. (If he hasn’t sold any of the 75 million shares he’s planning to, the loss escalates to nearly $3.5 billion.)
Of course, Facebook shares will almost certainly rebound. And analysts say they expect the changes will drive higher ad prices and could result in more money for Facebook, something that always cheers investors.
Ultimately, though, Zuckerberg’s likely not concerned. He’s already pledged to give away 99% of his net worth in his lifetime.