
Mark Zuckerberg, the head of U.S. Internet giant Facebook, said the company would stick with its game plan, despite falling stock prices. \"Nothing in that [falling prices] has made me think that the fundamental strategy is wrong,\" Zuckerberg said at the company\'s first annual shareholders meeting as a public company. The Wall Street Journal reported Wednesday Zuckerberg was \"grilled\" by shareholders for a half hour, some of them angry their investment in the company had not panned out. One shareholder who asked a question called the stock price \"a disaster.\" At close to $24 per share, Facebook stock is now valued at 40 percent of its launch price. Zuckerberg attempted to deflect the criticism by calling it part of a normal business cycle. \"We\'re disappointed with the performance of the stock over the last year. We expect there\'s going to be fluctuations,\" he said. How long would it take for shareholders to see a return on their investment -- \"two years?\" one shareholder asked. \"I wish I had a crystal ball,\" Facebook Chief Financial Officer David Ebersman answered.
GMT 20:46 2018 Tuesday ,23 January
New app to help Indians apply for UAE jobs visaGMT 21:37 2018 Sunday ,14 January
Champagne box-sized satellite launchedGMT 21:32 2018 Sunday ,14 January
Man's best friend goes high techGMT 16:11 2018 Friday ,12 January
UAE Research Programme for Rain Enhancement Science leads the way to new scientific and technological horizonsGMT 09:35 2018 Tuesday ,09 January
SpaceX launches secretive Zuma missionGMT 21:38 2018 Friday ,05 January
Our reliance on technology is having an effect on us allGMT 07:47 2017 Sunday ,24 December
China jails VPN owner for over five yearsGMT 20:59 2017 Saturday ,25 November
Now make unlimited voice, video calls in UAE for Dh50

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor