With five days of continuously losing value in the shares, Facebook on Thursday had gone below the $20 mark for the first time sending the investors scrambling out of the way to save themselves from the plummeting shares for the coming weeks.
This lowered values have pushed the co-founder of Facebook, Mark Zuckerberg out of the top ten list of the world's richest technology billionares. His assets now value at $10.2 billion.
After the five days of poor performance, the Facebook stocks have shed more than $50 billion dollars which is higher than the total value of Hewlett Packard or Starbucks.
The stocks of Facebook started at a $38 but have been sinking gradually ever since due to the questions regarding the lofty valuations and departures of high-profile members.