FACEBOOK WOES

Zuckerberg: Stock Drop ‘Disappointing’

Calls Facebook’s mobile strategy ‘misunderstood.’

The Zuck speaks. Facebook CEO Mark Zuckerberg addressed the TechCrunch Disrupt conference Tuesday, and spoke about the social network’s recent business woes. He says the sharp drop in the company’s stock—which has lost roughly half its value since going public—“has obviously been disappointing.” He attributes some of the drop to his mobile strategy, which he says is still new and largely “misunderstood.” Zuckerberg plans to ramp up Facebook’s mobile division over the next three to five years and focus on apps that are more user-friendly. Still, he says, everyone should take it easy. “It’s not like this is the first up-and-down we’ve had.”