In a 30-minute speech that reassured Facebook stockholders, Mark Zuckerberg explained some new directions and motive of the social networking giant. If these proposed steps hold true, there might actually be chance that stocks will reach or surpass the prices it held in May when they first went public.
CEO Mark Zuckerberg's talk of Facebook's mobile prospects and his acknowledgment that the company cares about making money as well as making the world "more open and connected" lifted the battered shares of the social networking icon on Wednesday.
On Tuesday, Zuckerberg spoke at a tech conference in San Francisco in his first interview since Facebook's rocky initial public offering in May. The stock has lost roughly half its value since the IPO. On Wednesday it gained $1.50, or 7.7 percent, to close at $20.93, still 45 percent below its IPO price of $38. Continue Reading
