Facebook Tops 1 Billion Users - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Facebook Tops 1 Billion Users

Posted:
(Photo: MGN) (Photo: MGN)

NEW YORK (AP)— Facebook has topped 1 billion users, but the past few months have not been easy.

CEO Mark Zuckerberg says that the company is going through a bit of a rough patch following its rocky initial public offering.

Zuckerberg updated his Facebook status on Thursday to announce that the social networking site has more than 1 billion active users each month. He thanked users and said that he is committed to making Facebook better.

The Menlo Park, Calif.-based company has had a difficult time of late. There were trading glitches the day it went public in May and concerns since then about its revenue potential. It's also facing lawsuits from disgruntled shareholders.

Zuckerberg said in a "Today" show interview Thursday that "we're in a tough cycle now and that doesn't help morale, but people are focused on what they're building."

Last month Zuckerberg gave his first interview since Facebook's shaky IPO and since that time he's been working hard to boost confidence among investors and the public.

Zuckerberg told Matt Lauer during the "Today" interview that Facebook's future is about mobile, an area it's been criticized for not capitalizing on quickly enough.

The 28-year-old executive also continued to reassure that he is the right person to lead Facebook, as some on Wall Street have questioned whether he has the ability to lead a large public company.

"I take this responsibility very seriously," he said.

Facebook Inc.'s stock gained 45 cents, or 2.1 percent, to $22.28 in premarket trading. The shares closed at $21.83 on Wednesday, off 43 percent from its $38 IPO price.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Ocean City Prepares for Memorial Day

    Ocean City Prepares for Memorial Day

    May 25, 2018 9:24 PM2018-05-26 01:24:00 GMT
    Friday, May 25 2018 9:24 PM EDT2018-05-26 01:24:50 GMT
    Memorial Day Weekend is the day resort towns on Delmarva wait all year for. Tourists arrive, lots of them.
    Ocean City is gearing up for yet another busy summer season.
    More
    Memorial Day Weekend is the day resort towns on Delmarva wait all year for. Tourists arrive, lots of them.
    Ocean City is gearing up for yet another busy summer season.
    More
  • Wicomico Yacht Club Reopens

    Wicomico Yacht Club Reopens

    May 26, 2018 7:52 PM2018-05-26 23:52:00 GMT
    Saturday, May 26 2018 7:52 PM EDT2018-05-26 23:52:47 GMT
    Back in 2016, a fire nearly destroyed the Wicomico Yacht Club building. 

    After about 16 months of reconstruction, the yacht club hosted a ribbon cutting ceremony.
    More
    Back in 2016, a fire nearly destroyed the Wicomico Yacht Club building. 

    After about 16 months of reconstruction, the yacht club hosted a ribbon cutting ceremony. 
    More
  • Pennsylvania Man Arrested in Seaford as an Out-of-State Fugitive

    Pennsylvania Man Arrested in Seaford as an Out-of-State Fugitive

    May 26, 2018 6:27 PM2018-05-26 22:27:00 GMT
    Saturday, May 26 2018 6:28 PM EDT2018-05-26 22:28:53 GMT
    A Sussex County traffic stop leads to a Pennsylvania man arrested because of an active warrant for robbery.More
    A Sussex County traffic stop leads to a Pennsylvania man arrested because of an active warrant for robbery.More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Motorcyclist Dead in Ocean City Crash

    Motorcyclist Dead in Ocean City Crash

    May 26, 2018 3:45 PM2018-05-26 19:45:00 GMT
    Saturday, May 26 2018 3:45 PM EDT2018-05-26 19:45:32 GMT
    OCEAN CITY, Md.--The Ocean City Police Department says a motorcyclist dead after a crash near 77th street. According to the department, officers were dispatched to the area of 77th Street and Coastal Highway around 12:30 p.m. The department says they wereMore
    OCEAN CITY, Md.--The Ocean City Police Department says a motorcyclist dead after a crash near 77th street. According to the department, officers were dispatched to the area of 77th Street and Coastal Highway around 12:30 p.m. The department says they wereMore
  • Seaford Traffic Stop Leads to Drug Charges

    Seaford Traffic Stop Leads to Drug Charges

    May 25, 2018 9:49 PM2018-05-26 01:49:00 GMT
    Friday, May 25 2018 10:38 PM EDT2018-05-26 02:38:58 GMT
    (L) Larry Milburn, 52 of Delmar Del. (R) Theresa Trice, 50 of Laurel, Del.(L) Larry Milburn, 52 of Delmar Del. (R) Theresa Trice, 50 of Laurel, Del.
    (L) Larry Milburn, 52 of Delmar Del. (R) Theresa Trice, 50 of Laurel, Del.(L) Larry Milburn, 52 of Delmar Del. (R) Theresa Trice, 50 of Laurel, Del.
    Seaford Police said they arrested two people after police were conducting a traffic stop and found them to be in possession of 50 bags of heroin.More
    Seaford Police said they arrested a Delmar man after they were conduction a traffic stop and found him to be in possession of 50 bags of heroin. More
  • Thunderbirds To Take Flight & Headline 2018 OC Air Show

    Thunderbirds To Take Flight & Headline 2018 OC Air Show

    May 25, 2018 12:33 PM2018-05-25 16:33:00 GMT
    Friday, May 25 2018 12:54 PM EDT2018-05-25 16:54:54 GMT
    USAF Thunderbirds and the F-35 Joint Strike Fighter; Photo Credit: OC Air ShowUSAF Thunderbirds and the F-35 Joint Strike Fighter; Photo Credit: OC Air Show
    USAF Thunderbirds and the F-35 Joint Strike Fighter; Photo Credit: OC Air ShowUSAF Thunderbirds and the F-35 Joint Strike Fighter; Photo Credit: OC Air Show
    OCEAN CITY, Md. -- The U.S. Air Force Thunderbirds will take flight in this year's Ocean City Air Show.More
    The U.S. Air Force Thunderbirds will take flight in this year's Ocean City Air Show.More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices