Facebook founder and CEO Mark Zuckerberg defended his company Tuesday and outlined plans for growth in the mobile space in his first public appearance following Facebook’s botched IPO and stock plunge. Since Facebook’s debut on the public market in May, its value has halved and investors have worried the world’s most popular social network can’t sustain growth without more concrete business goals, particularly in mobile. Zuckerberg acknowledged the stock’s performance so far has been “disappointing,” but pointed to more long-term goals for the company.
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Wall St. May Give Zuckerberg Another Chance to Make Good
Posted by: Rachelle Dragani September 12, 2012 10:21 AMFacebook founder and CEO Mark Zuckerberg defended his company Tuesday and outlined plans for growth in the mobile space in his first public appearance following Facebook’s botched IPO and stock plunge. Since Facebook’s debut on the public market in May, its value has halved and investors have worried the world’s most popular social network can’t sustain growth without more concrete business goals, particularly in mobile. Zuckerberg acknowledged the stock’s performance so far has been “disappointing,” but pointed to more long-term goals for the company.