Mark Zuckerberg Acknowledges Facebook’s Stock Is “Painful” To Watch

Posted Aug 17, 2012

Facebook CEO Mark Zuckerberg has acknowledged that the company’s stock has been painful to watch.  Zuckerberg talked about the stock during a company-wide meeting earlier this month according to the Wall Street Journal.  Facebook is working on a larger initiative to improve company morale.  Previously Zuckerberg avoided talking about the stock since the IPO and wanted people to focus on work.  However Facebook senior management has started to worry that the stock’s poor performance is hurting employee performance.  Zuckerberg even joked about firing Facebook CFO, David Ebersman during the meeting.  However he quickly followed up by saying that Ebersman and the deals team “did a great job.”