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Facebook Tops 1 Billion Users |
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NEW YORK, Oct 4: Facebook has now topped 1 billion users, but the past few months have not been easy.
CEO Mark Zuckerberg said Thursday that the company is going through a bit of a "rough cycle" after its rocky initial public offering in May.
Zuckerberg also updated his Facebook status to announce that the social networking site has more than 1 billion active users each month.
The company has had a difficult time. There were trading glitches the day it went public and concerns about its revenue potential. It´s also facing lawsuits from disgruntled shareholders.
Zuckerberg said in an NBC interview that "we´re in a tough cycle now and that doesn´t help morale, but people are focused on what they´re building."
The 28-year-old executive also continued to reassure that he is the right person to lead Facebook. Some on Wall Street have questioned whether he has the ability to lead a large public company.
Facebook CEO Mark Zuckerberg speaks during a "fireside chat" at a conference organized by technology blog TechCrunch in San Francisco, Tuesday. (AP)
"I take this responsibility very seriously," he said.
Last month, Zuckerberg gave his first interview since Facebook´s shaky IPO, and he´s been trying to boost confidence among investors and the public.
Zuckerberg said Thursday that Facebook´s future is about mobile. The company has been criticized for not capitalizing on mobile quickly enough.
Facebook Inc.´s stock gained 45 cents, or 2.1 percent, to $22.28 in premarket trading. The shares closed at $21.83 on Wednesday, off 43 percent from its $38 IPO price. |
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This news item is printed from myrepublica.com - a sister publication of Republica national daily.
© Nepal Republic Media Pvt. Ltd. Kathmandu Nepal.
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