Monday, April 19, 2021

Facebook Rises as CEO Says He’s Addressing Phone Missteps

Bloomberg: On Tuesday, Facebook CEO Mark Zuckerberg gave his first interview since the company’s IPO in May, and it had an immediate impact on the company’s stock price. The company’s share price had fallen 49 percent since its debut; however, after Zuckerberg’s appearance at the TechCrunch Disrupt conference in San Francisco it climbed back up 8 percent to $20.99.

Zuckerberg told the conference audience, “Now we are a mobile company.” He added, “Over the next three to five years I think the biggest question that is on everyone’s minds, that will determine our performance over that period, is really how well we do with mobile.”

The CEO admitted that the stock price dropoff had dampened employee morale. “Sure, maybe some people will leave,” he said. “But I think it’s a great time for people to join and a great time for people to stay and double down.”

Similar articles

Latest Articles

IT Planning During a...

Without a doubt, 2020 changed everything. I like to compare it to a science fiction movie where time travel is involved. Clearly, we have...

Best Data Quality Tools...

Data quality is a critical issue in today’s data centers. The complexity of the Cloud continues to grow, leading to an increasing need for...

NVIDIA’s New Grace ARM/GPU...

This week is NVIDIA’s GTC, or GPU Technology Conference, and they likely should have changed the name to ATC because this year – it...

What is Data Segmentation?

Definition of Data Segmentation Data segmentation is the process of grouping your data into at least two subsets, although more separations may be necessary on...