(Guardian) - Social networking site's co-founder has given his first interview since the company's disastrous initial public offering
Mark Zuckerberg has called Facebook's stock market debut disappointing but said the company was set to bounce back. 'Some days are hard, some days kick ass,' the firm's billionaire co-founder told an audience at TechCrunch's Disrupt conference in San Francisco in his first interview since the company's disastrous initial public offering in May.
Zuckerberg has come under intense criticism since the IPO. The company's share price is close to half the $38 (£23.5) price it reached at the launch and the company and its advisers are being sued by angry investors.
The price collapsed due to fears that the company was not prepared for the dramatic shift to mobile devices, an area in which the company has struggled to make money. But after Zuckerberg offered a robust defence of Facebook's mobile strategy, shares rose 4% in after hours trading... Source/Origin >> Read More