Facebook Fallout Includes PR Fail

SAN FRANCISCO, June 11 (Reuters) - Facebook Inc Chief Executive Mark Zuckerberg faced a barrage of questions on Tuesday about the company's slumping stock price during the No. 1 social networking company's first shareholder meeting since its rocky initial public offering last May.

Facebook‘s intensely hyped initial public offering one year ago today was supposed to be a triumphant moment for Silicon Valley and Wall Street. After years of buildup and a valuation that had ballooned to $100 billion, ordinary investors would finally get the chance to own a slice of the hottest tech company on the planet. In the weeks leading up to the IPO, many tech experts — including some of the most prominent venture capitalists in the country — repeatedly insisted that once public, Facebook’s stock price would soar beyond the $38 per share offering price.

Facebook‘s intensely hyped initial public offering one year ago today was supposed to be a triumphant moment for Silicon Valley and Wall Street. After years of buildup and a valuation that had ballooned to $100 billion, ordinary investors would finally get the chance to own a slice of the hottest tech company on the planet. In the weeks leading up to the IPO, many tech experts — including some of the most prominent venture capitalists in the country — repeatedly insisted that once public, Facebook’s stock price would soar beyond the $38 per share offering price.

For a long time, Facebook was the most dramatic, exciting company in Silicon Valley, if not the world. Its CEO, Mark Zuckerberg, was a global icon thanks to his remarkably young age. Before 23, he became a subject of intense scrutiny and hero-worship.

ZeniMax Media wins bid to force Facebook CEO to provide ora

WhatsApp, the messaging app that Facebook bought for about $19 billion in 2014, has 900 million monthly active users, according to its founder Jan Koum (who posted about the milestone on Facebook, naturally).