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Wednesday 12 September 2012

Facebook Has seen so many turbulent times but over came all- Mark Zuckerberg, as Facebook stock loses half of its IPO value

Under fire: Mark Zuckerberg had his first interview since his company went public in May After Zuckerberg began speaking at the at San Francisco Disrupt conference, stock rose to $20.17 in after-hours trading.

Facebbok founder, Chairman, CEO Mark Zuckerberg responded to his critics for the very first time since the company went for initial public offer (IPO) in May. The company raised the highest amount of fund from the public domain but the stock's performance lately has been very discouraging and disappointing. The IPO was priced $38 but  the stock has since lost half of its value. It was the most anticipated stock in american history but things are beginning to turn upside down, Zuckerberg admits this. However, he gave assurance that his company has seen a lot of troubled times and was able to over come them, that this stock downturn will equally be overcome. He admitted this in San Francisco during technology conference  that the stock performance has impacted negatively on the image of his company but all hope it not lost. According to him, they new android apps is coming soon and that is where he is focusing now.

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