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Facebook shareholders vent ire over sagging stock

Published on Jun 12, 2013 6:26 AM
 
Facebook CEO Mark Zuckerberg speaks during an event at Facebook headquarters on Apr 4, 2013 in Menlo Park, California. Facebook shareholders on Tuesday grilled leaders of the social network regarding how they planned to revive the company's stock and protect user privacy from snoops including US spy agencies. -- FILE PHOTO: AFP

SAN FRANCISCO (AFP) - Facebook shareholders on Tuesday grilled leaders of the social network regarding how they planned to revive the company's stock and protect user privacy from snoops including US spy agencies.

Facebook's famed co-founder Mark Zuckerberg and chief operating officer Sheryl Sandberg fielded a barrage of questions fired by investors who attended the first annual meeting of shareholders since the stock market debut last year.

"We understand that a lot of people are disappointed in the performance of the stock, and we are too," Zuckerberg said before the start of a question-and-answer session that followed election of the Facebook board.

"It is our job here to build a great company," he continued. "We think that, over time, we are building an asset and a network continually valuable in the world and we will continue to do that."

 
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