LIVE: Zuckerberg Tells Angry Investors He’s Actively Thinking Up Money-Making Ideas
Welcome to NewsDesk on SiliconANGLE TV for Wednesday June 12, 2013. (See live feed below or visit youtube.com/siliconangle to watch on-demand.)
Facebook’s first annual Shareholder’s Meeting took place yesterday and tensions were running high. Chief Executive Mark Zuckerberg faced his shareholders for the first time yesterday, and not everyone’s thrilled with how the young CEO has navigated Facebook’s IPO. Facebook’s stock is nearly 40 percent lower than the price of last year’s initial public offering, leaving Zuckerberg with dozens of questions from angry investors at the social network’s first annual shareholder’s meeting.
“We’re disappointed with the performance of the stock over the last year,” Zuckerberg said to investors. “We expect there’s going to be fluctuations.”
It’s certainly been a roller coaster ride for Zuckerberg and his team since launching the IPO last year, but the CEO has taken many opportunities to share his long-term vision for Facebook. Will that messaging ring true this time, and does Facebook have a plan for getting its stock back on track?
Joining us now to comment on how things unfolded and how Facebook responded is SiliconANGLE Contributing Editor John Casaretto. If you missed today’s topic, check our YouTube channel for archived clips.)
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