Facebook's chairman loses $5.6 billion between the company's May 18 IPO at a $38 stock price and its June 4 close at $26.90. Some analysts predict an even further slide.
Tracking the week's ups and downs in the business of entertainment.
DOWN: Mark Zuckerberg
Facebook's chairman loses $5.6 billion between the company's May 18 IPO at a $38 stock price and its June 4 close at $26.90. Some analysts predict an even further slide.
UP: Kathleen Kennedy
The producer is named co-chair of Lucasfilm, positioning her to succeed George Lucas atop the Star Wars studio and jump-start its creative ambition.
DOWN: Russell Brand
The Brand-hosted MTV Movie Awards tumbles 29 percent in total viewers, with 3.2 million watching the latest Twilight best The Hunger Games for movie of the year.
DOWN: Nicollette Sheridan
An appeals court deals the former Desperate Housewives actress a setback in her wrongful termination lawsuit, putting on hold a planned September retrial amid questions about her case.
SHOWBIZ STOCKS
UP: Avid Technology (AVID)
$7.40 (+10.8%)
Some see a buying opportunity in the maker of audio, video and editing tools after its stock dropped almost 40 percent in three months.
DOWN: Tivo (TIVO)
$8.13 (-11.3%)
After disappointing quarterly earnings for the DVR pioneer, TheStreet Ratings cuts its recommendation to "sell" from "hold."
