3 Reasons Zuckerberg Hit the Mark: Facebook Investor
Facebook CEO Mark Zuckerberg on Tuesday expressed disappointment in the lackluster performance of his company's stock, but said the social network has overcome hurdles and will focus efforts on search and mobile in the near-term.
Zuckerberg spoke at the TechCrunch conference in what was his first public appearance since his company went public last spring.
Zuckerberg's comments were highly anticipated, so reactions have been mixed, but at least one Facebook investor is pleased. Robert Peck, a Facebook shareholder, told CNBC on Wednesday that Zuckerberg delivered for three reasons.
First of all, Peck noted that half of Zuckerberg's comments concentrated on mobile. Facebook has struggled to monetize his mobile properties, so Peck was happy to hear that addressed. Peck said he was happy to learn Facebook has an entire team dedicated to its mobile strategy.
(RELATED: Facebook Is Losing Share in Mobile: Pro)
Second, Peck was glad Zuckerberg commented on search. Peck was glad that Zuckerberg also has a team of people working on search, which he hopes will also be monetized in the future.
Finally, Peck liked that Zuckerberg mentioned Facebook's "Open Graph." Basically, the Open Graph is a place for people to share ideas and develop new applications, services and the like.
Peck did not add to shares after Zuckerberg's comments, but said he does have a full position in Facebook right now.
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CNBC.com with wires.