Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

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