Astrid Sarmiento onto Facebook
Clipped Sep 11
Zuckerberg continues to have high hopes for Facebook despite it's downfall in the stock market.
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.'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.
Nicolas Nguyen onto Facebook
Nicolas Nguyen
As a leader, he is doing the right thing. He needs to remain calm and focus on the main business. The stock price is just what people think about Facebook. Most of them do not have any idea how Facebook works.