‘Facebook Execs Grilled at First Shareholder Meeting’ – ‘Mashable’

Seth Fiegerman says, “”My question is about the IPO,” a Facebook investor said midway through the company’s first shareholder meeting. “I think it was a disaster.” The comment was just one of several investor criticisms directed towardsFacebook‘s executive team about the company’s initial public offering last May and the stock’s poor performance in the year since. One shareholder said he had invested “blindly” because his family was a “fan” of Facebook’s CEO and cofounder Mark Zuckerberg; now, he’s “under water.” Another asked if Facebook has “any strategy to create a new product to boost the price per share in the near future.””.