Get Your Fresh Intelligence Daily

SUBMIT

That's Amore! Mark Zuckerberg & Wife Ride Boat As Facebook Stock Continues To Sink

//zuckerberg chan italy ff post

May. 29 2012, Published 11:00 a.m. ET

Link to FacebookShare to TwitterShare to Email

By Radar Staff

Facebook CEO Mark Zuckerberg and his bride Priscilla Chan enjoyed a relaxing boat ride on their extended honeymoon in Italy Tuesday, as stock in his social networking site continue to sink.

The Harvard-educated billionaire is enjoying the life of riley thousands of miles away from Wall Street, where the value of his company's stock -- down to a record-low of $28.65 at one point Tuesday (it opened May 18 at $38 per share) -- won't be getting him new friend requests anytime soon.

Article continues below advertisement

Still, all might not be gloom and doom for the $79 billion social networking juggernaut, according to Wedbush analyst Michael Pachter.

"Facebook has built a huge moat between it and its competitors, and we endorse Mr. Zuckerberg's mission," Pachter said Tuesday, implying the stock might be a sleeper despite its current downward spiral.

As a result of the stock plunge, Zuckerberg is no longer one of the world’s 40 richest people.

Advertisement

© Copyright 2021 Radar Media Group LLC. Radar and RadarOnline are registered trademarks. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.