Zuckerberg: Time to 'double down' on Facebook

[Omaha Steve]

Source: AP-Excite

By MICHAEL LIEDTKE

SAN FRANCISCO (AP) - Facebook CEO Mark Zuckerberg hasn't enjoyed seeing his company's stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong.

"I would rather be in a cycle where people underestimate us because I'd rather be underestimated," Zuckerberg said Tuesday. "I think it gives us the latitude to go out and make some big bets."

Zuckerberg, 28, made his remarks before a standing-room-only audience at a tech conference in San Francisco in his first interview since Facebook Inc. (FB)'s rocky initial public offering in May.

The social networking leader's stock has lost nearly half its value since the IPO. More than $50 billion has been lopped off Facebook's market value as the company's shares have fallen from $38 to Tuesday's closing price of $19.43.

FULL story at link.


Read more: http://apnews.excite.com/article/20120912/DA17TT0O1.html

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Facebook CEO Mark Zuckerberg speaks during a "fireside chat" at a conference organized by technology blog TechCrunch in San Francisco, Tuesday, Sept. 11, 2012. Zuckerberg gave his first interview since the company's rocky initial public offering in May. (AP Photo/Eric Risberg)

[aletier_v]

1. No, thanks.

[onehandle]

2. I used to despise Facebook, but that was before Google embraced evil.

I want Facebook to keep Google+ what it is... Nice and dead.

[jberryhill]

3. It's no longer "cool"

[iandhr]

4. From the Onion

http://www.theonion.com/articles/number-of-users-who-actually-enjoy-facebook-down-t,29503/

[harun]

5. Facebooks a good company, making good decisions. The problem was the

initial valuation of the IPO was CRAZY ASS high. That company was not worth that. It is still valued at being a 40 billion dollar company. My opinion is it is a solid 20 billion dollar company. Still way overpriced. They make more good decisions over the next two years then move on up from 20 billion.

Anyway, not my problem.

[Blue Idaho]

6. Dude, we don't underestimate you, we're just underwhelmed by you.

Facebook is yesterday's news.

[LeighAnn]

7. Sadly, he's got stockholders to protect

His main goal by law has to be to maximize the profits, and that probably means Facebook will get more annoying with their advertising.

He should double down on user friendliness because I think Facebook has about 30% of the activity it had two years ago.

But now, we're not the most important thing... the stockholders are.

Remember when News Corp bought MySpace?

[alp227]

9. How can a user-unfriendly site be profitable to the share holders?

[Javaman]

10. That also produces nothing and lives on corporate welfare. nt

[iandhr]

11. GOOGLE

[orwell]

8. I'm removing a virus right now...

...that a customer picked up on ol Facebook. It was a root kit that completely trashed their computer. It was close to wiping the hard drive.

I refuse to go to that POS site.

I've removed lots of viruses that came from Facebook yet still the hordes must go.

Caveat Emptor...

[shanti]

12. yes

i know of at least two people who got viruses from fb. glad i left long ago!