Friday, July 27, 2018

Zuckerberg Loses $15 Billion As Facebook Tands

A bad day for Mark Zuckerberg as his Facebook stock
Took quite beating that should have left him in a state of shock
$15 billion of his  value down the drain
Dropping him out of 4th to 6th in  the top ten billionaires’ reign
Privacy concerns have forced a commitment to spend billions more
Also a growing threat of censorship that the company will find hard to ignore
Largest drop in market value in the history of our stock market
So much for the idea that high tech is where investors should park it
Before one feels sorry for Mark one should remember $8.3 million he earns
Making the mortgage payments should not be the slightest concern
Question is whether Facebook is now a buy
And if and how long before it recovers to its former high.
© July 27, 2018 Michael P. Ridley aka the Alaskanpoet

No comments:

Post a Comment