FB stockholders allege that MZ dumped a billion dollars of FB stock, knowing fully well that the business model could not support the $38.00 initial stock offering price. (insider trading?) A massive lawsuit is likely to ensue.
The market cap of FB is now $56 billion down from the $l00.00 when it started the IPO. The FB stocks were valued at $50 billion prior to the stock offering. Thus the initial offering of $38 is down to $22 or roughtly a 50% loss. A $44.00 billion loss or $22.00 slide per share should not give the holders of the FB much sleep; and so with MZ
