Zuckerberg: Stock Price Swoon Has Been ‘Painful’ to Watch [REPORT]

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August 17, 2012 by Volamoot at Mashable!


Investors aren’t the only ones reeling from the precipitous drop in Facebook’s stock: CEO Mark Zuckerberg also acknowledged to company employees earlier this month that the stock’s performance is “painful” to watch, according to a report.

The meeting, which was described by “an effort to buck up morale,” was a so-far rare acknowledgment of the company’s stock price, according to The Wall Street Journal. The report, based on “people familiar with the meeting,” details that Zuckerberg began by talking about how he generally doesn’t want to start every meeting by discussing the stock price, since volatility is par for the course, but he empathized with employees who were banking on a higher…
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More About: facebook ipo, mark zuckerberg

posted by Mashable from http://mashable.com/2012/08/17/zuckerberg-facebook-stock-price-painful/

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