What a Facebook Investor Wants to Hear from Zuckerberg
Facebook CEO Mark Zuckerberg is expected to speak at the TechCrunch conference Tuesday in what will be his first public appearance since his company went public last spring.
Many Facebook investors, including Robert Peck, will be listening. Appearing on Tuesday's "Fast Money Halftime Report," Peck said he hopes Zuckerberg will share his long-term plans for the company, how his long-term goals will be evaluated and where the company stands today.
Peck doesn't think Zuckerberg will address the stock's lackluster performance, but suspects he will comment on issues that have weighed on Facebook shares, including competition from rival social media sites, as well as how initial investors Peter Thiel and Dustin Moskowitz recently dumped their shares of the company.
"Are there any one off reasons why a Peter Thiel or a Dustin Moskovitz wanted to sell at this point?" Peck asked, noting that Facebook executives, including Zuckerberg himself, have not sold considerable shares of FB themselves. At least investors can take solace in that, he said.
Zuckerberg is expected to appear at the TechCrunch conference Tuesday evening. CNBC's "Fast Money" will broadcast his remarks and provide insight insights. Tune into "Fast Money" at 5 PM ET
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CNBC.com with wires.