Wednesday, October 29, 2014

Mark Zuckerberg Talks of Spending, and Facebook Stock Drops - NYTimes.com

Investing for the long-term; see Facebook’s Results in Six Charts (WSJ) for a summary of Facebook's quarterly results

"Mr. Zuckerberg has 55 percent voting control over Facebook, according to the company’s most recent proxy statement. So if investors do not agree with his vision, they don’t have much choice but to sell. And many did, sending the company’s stock down 8.3 percent in after-hours trading.

“Wall Street cares about the business model. We care less about changing the world,” said Laura Martin, an analyst with Needham & Company."
Mark Zuckerberg Talks of Spending, and Facebook Stock Drops - NYTimes.com
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