It appears you have not yet registered with our community. To register please click here...

Go Back [M] > Madshrimps > WebNews
Zuckerberg confession pushes up share price Zuckerberg confession pushes up share price
FAQ Members List Calendar Search Today's Posts Mark Forums Read

Zuckerberg confession pushes up share price
Thread Tools
Old 18th September 2012, 07:56   #1
[M] Reviewer
Stefan Mileschin's Avatar
Join Date: May 2010
Location: Romania
Posts: 123,005
Stefan Mileschin Freshly Registered
Default Zuckerberg confession pushes up share price

Last week Mark Zuckerberg confessed that he was unhappy about the way the shares in Facebook had slid.

But Zuckerberg was also upbeat when it came to some of the problems that the social not-working site was facing. He was particularly bullish about how he had a cunning plan to deal with mobile technology.

According to Reuters, Wall Street was impressed by his performance and shares actually went up. His 30 minute talk actually added $6.785 billion in additional market valuation for his company as shares went up to $22.

Arvind Bhatia, an analyst with Sterne, Agree & Leach told Reuters that people are starting to feel a little more comfortable.

The feeling is that if Zuckerberg got out there and talked to the great unwashed more instead of building the company things would be a little better for the company.

But the share price was helped by Facebook announcing that its nascent ad exchange was no longer in testing mode, and several advertising agencies reported encouraging early results.

For all Bhatia and Zuckerberg's new found optimism, Facebook cannot fix the central problem that the company faces.

There is the fact that large numbers of "locked-uped" shares belonging to Facebook insiders are about to go on the market.

Then there are all those people who bought shares in the IPO who will be allowed to sell them soon.

All this should point to the share price falling within the next six months to a year. We still predict that it will stabalise at $13 a share, unless Facebook can pull out some huge profits soon.
Stefan Mileschin is offline   Reply With Quote

Similar Threads
Thread Thread Starter Forum Replies Last Post
Zuckerberg pledges to keep Facebook shares Stefan Mileschin WebNews 0 6th September 2012 08:20
Zuckerberg no longer a top ten billionaire Stefan Mileschin WebNews 0 8th August 2012 08:16
Zuckerberg faces moment of truth Stefan Mileschin WebNews 0 27th July 2012 07:34
Zuckerberg blames Nasdaq for falling share price Stefan Mileschin WebNews 0 19th June 2012 08:00
Facebook, Zuckerberg Sued Over IPO Stefan Mileschin WebNews 0 24th May 2012 08:45
Zuckerberg Must Be Driving His Bankers Crazy Stefan Mileschin WebNews 0 13th April 2012 08:13
Mark Zuckerberg Riding A Buffalo Stefan Mileschin WebNews 0 29th December 2011 10:52
Facebook Threatens to Sue Mark Zuckerberg Stefan Mileschin WebNews 0 21st December 2011 07:55
AMD share price continues to soar jmke WebNews 3 12th January 2006 01:23
AMDís Market Share Climbs Up / Intelís Market Share Plunges jmke WebNews 0 31st October 2005 15:39

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

All times are GMT +1. The time now is 21:10.

Powered by vBulletin® - Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO