Investors have reduced the value of Facebook at $ 10 billion on Friday (27/04), leading the newly listed shares to a new low.
According to Reuters , a drop of 17% of the shares led the market capitalization of Facebook for U.S. $ 48 billion, less than half the value of launching the Initial Public Offering (IPO, in English) of U.S. $ 100 billion, in May.
The latest crash cost the chief executive Mark Zuckerberg, about U.S. $ 2.3 billion, based on their participation in the company.
Social networking revenue beat expectations on Thursday (26/07) in the first announcement of quarterly results as a public company, but the company failed to reassure investors about its future prospects.
Investors worried about the social network will make money with mobile advertising expected the company would give a signal that revenue growth was improving. The stock has fallen nearly 40% of market value since its debut on the stock exchange.
They fell to a record low of U.S. $ 22.28 on the morning of Friday, before recovering to U.S. $ 23.03.
At least four brokerages, including Barclays Capital cut its price target for shares of Facebook, although the majority suggested that the company is worth more than the current trading levels.
