Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 12 September 2012 10:48

Mark Zuckerberg admits post IPO Facebook is rubbish

Written by Nick Farrell



Probably wishes he had not done it now

Facebook CEO Mark Zuckerberg, in his first public appearance since his company's disastrous IPO, has admitted that things have not been going as well as he would like.

Zuckerberg said that the disastrous stock market launch and the fall of the share price, damaged the company’s image. He said that the performance of the stock has obviously been disappointing. Talking about his programming skills he said that “everything I do breaks, but we fix it quickly”. Although he could have been talking about the company.

Talking to Tech Crunch Disrupt Zuckerburg said staff morale had not been helped by the falling share price. The hardest-hit by the dropping share price, which initially launched at $38-per-share in May and now stands at a miserable $19.48, are employees who are paid partially in stock and can't flog them. We are still predicting the outfit's share price will fall to about $13.

The way Zuckerberg has fixed this problem is give them more shares which is probably not the best idea. Zuckerberg still thinks going public was the right move and he thinks the company will build value over the long run.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments