Mark Zuckerberg Admits Disappointing Investors, Banks on Mobile, Facebook Shares Shoots Almost 5%

Facebook Stock Up 4.6% After Zuckerberg Interview

Credit : TechCrunch Disrupt Live Stream

Facebook’s stock jumped 4.6% in intraday trade following its CEO Mark Zuckerberg’s interview with Michael Arrington, at the TechCrunch Disrupt conference at San Francisco.”The performance of the stock has obviously been disappointing,” said Zuckerberg in his first interview after the IPO launch, in an apparent attempt at reassuring investors and Facebook watchers.

“We care about our shareholders. We are excited about this mission of being more open and connected. Over the next three to five years the biggest question that is on people’s minds is how well we do with mobile.” remarked Zuckerberg, hoping that Facebook will make more money from mobile than the web variant, addressing the  concern that investors have had about Facebook’s ability to monetize mobile.

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