Zuckerberg sees fortune drop
April 1 , 2014
Tech stocks have been through a rough week and Mark Zuckerberg lost $3.1B since Facebook dropped 11 percent. Moreover, Google co-founders Sergey Brun and Larry Page saw their fortunes drop by $3B as well.
Facebook's loss followed an announcement that the company had bought a virtual-reality company and Google and Amazon mentioned that they plan on cutting prices for services.
"With regard to frothy, speculative stocks, some people are saying maybe it's time to take a few chips off the table," portfolio manager John Carey said.