Fiji Times Logo

Fiji Time: 8:14 PM on Thursday 20 June

/ Front page / Business

Facebook stock slumps

Aap
Thursday, September 13, 2012

FACEBOOK CEO Mark Zuckerberg says the performance of his company’s stock since its public offering “has obviously been disappointing”.

His comments came in his first interview since the rocky offering in May.

Facebook’s stock has lost half its value after one of the most anticipated stock offerings in history.

The IPO priced at $US38, but shares soon fell sharply. The stock closed up 62 cents to $19.43 on Tuesday.

Zuckerberg spoke at the San Francisco Disrupt conference organised by technology blog TechCrunch.