Mark Zuckerberg's $2 billion day
Facebook's stock posted its biggest one-day gain since going public, soaring more than 19% and fattening its CEO's net wealth.
Facebook's beaten down stock soared today, posting its biggest one-day gain since going public and boosting its CEO Mark Zuckerberg net wealth by a cool $2 billion. Shares closed up $19.13 percent to close at $23.23 after Facebook yesterday postedand showed that it's on its way to .
The rare rally came as Zuckerberg spent much of yesterday's conference call convincing Wall Street analysts that mobile is not a problem but athat he is tackling with full force.
It's only a one-day bump, of course, and the stock is still far from its May IPO price of $38 a share. But employees who have watched their holdings sink must be having a good day. As for Zuckerberg, he owns 540 million Class B shares (those are the ones that have extra voting power) and in September said. Even so, it's got to feel good to watch your holding jump more than $2 billion in a single day.