San Francisco, USA: Mark Zuckerberg, CEO of Facebook, has said on Tuesday that Facebook will survive troubles as it did before, referring to company’s stock performance after its initial public offering in May earlier this year.
Zuckerberg while speaking at the San Francisco Disrupt conference organised by technology blog TechCrunch, said that ”The drop has obviously been disappointing, it’s a great time to double down on the company’s future. Facebook has not been an uncontroversial company. It’s not like this is the first up and down we have ever had.”
After he began speaking, Facebook’s stock increased 74 cents, 3.8 percent, $20.17 after-hours trading. That’s on top of a 3.3 percent gain during the regular session, The Associated Press reported.
”Really easy for folks to underestimate how really fundamentally good mobile is for us.”He said the site wants to make money and will make its way through mobile advertising.,” Zuckerberg said.
”We have a pretty good compass. I always like to think that when folks are being too nice, we aren’t as good as they say they are. And when the media is being too critical, we are not as bad as they say we are,” he added.