When Facebook went public in May 2012, there was a glitch in the NASDAQ system and their stock price went south. It took about a year for Facebook to recover and surpass their opening price. There has been reports that Twitter is considering going public next year. Facebook CEO Mark Zuckerberg spoke at TechCrunch Disrupt and he gave some advice on going public.
Zuckerberg said that he has been outspoken about being private for as long as possible and he admitted of being scared to go public. “I don’t think it’s necessary to do that,” said Zuckerberg on stage at the TechCrunch Disrupt event.
?As long as Twitter… focuses on what they?re doing, I think it?s wonderful, it?s great,? said Zuckerberg at the conference as quoted by AllThingsD.
Zuckerberg also pointed out that after going through a terrible first year, the company became a lot stronger. Around a year ago, Facebook’s mobile products were not designed very well. Since then, the company enhanced their Android and iOS apps. Today, Facebook’s mobile apps are generating almost half of their total advertising revenues.
[Source: Mark Zuckerberg at TechCrunch Disrupt]