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May 22nd, 2012
09:23 AM ET
MYB: Rough start for Facebook stock
In today's "Minding Your Business," Christine Romans explains that it's been a disappointing start for Facebook's IPO investors.
The company's stock has gone down 19% since the IPO launched last week, and yesterday alone, the stock dropped 11% despite the fact that most other stocks were up.
Romans explains that for every dollar lost in the stock price, Facebook CEO Mark Zuckerberg loses about $534 million dollars.
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