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Shares of FaceBook have lost about half their value since its highly anticipated.
Very disappointing initial public offering.
But my next guest says investors shouldn't be worried long run joining me now as Alex -- -- founder and CEO and president of the lake Dow.
-- mobile consulting and development firm makes acts essentially.
This -- -- down gonna say it proved to be back.
What's the upside here -- -- you know you've -- -- be installed user base of a billion people and a company that hasn't done much -- -- -- in mobile is that where the rural fruit lives for FaceBook.
I think FaceBook is is almost sent transition -- a period where they have to go on figure out their mobile strategy.
They just had this huge IPO we're -- now they certainly have enough cash.
To take that cash put it to work.
And figure out how they're going to go into mobile.
But they have such momentum that they're going to be able to figure it out along the way Mobil's really just in the beginning stages.
And there's so much room for growth there over the long term.
They gonna have to get more aggressive though and there's been some.
Evidence of this of like of ads showing up in your news they like how aggressive do they need to get and how tricky is it for them.
To really deliver ads to the users without alienate that -- ailing news people.
It's it's a fine line privacy is a huge topic across every single digital spectrum.
And they've definitely had experience in terms of gauging where those limits are in and what their users -- so and then the FTC is getting more involved into mobile.
Mobile apps what's appropriate what's not appropriate and so they're -- playing close talks with -- continued to work through that make sure that.
Users have privacy.
Thing Google also takes and that's approach to it and and they give you want transparency in terms of dashboards.
-- FaceBook will have to.
I just but they certainly have a lot of time to figure out -- How they're going to -- at least putting together they're working on -- new.
I've cut in half brain which is the existing one I don't know when it comes out with the existing monies to stretch at the right there they are they're redoing it and in native silence.
It's just slower than molasses to views of southern freight.
Terms of the stock price -- some its fixation on and then there's you know little bit people have a little glee -- watching the stock fall.
How concerned -- how big of a concern is that to the company.
That attitude within the -- and -- the morale within FaceBook and I think.
Marquez and showed tremendous resilience over the years he's there have been multiple attempts for other folks to come -- and deviate the course of FaceBook and -- stayed strong with his vision.
And so I think that he is it in gotten a lot of great experience is a leader.
And that he really led his company well.
-- has a pretty clear vision for where he's taking FaceBook.
And mobile is definitely going to be a part of that now they really until an excuse.
Speaking next kidding -- -- guys -- hiring a lot.
Having trouble fun and good qualified people were higher across the board in Santa Monica Boston New York floor.
Engineering as well as non technical positions and kind of just want to get that out there there are jobs out there and I.
Wanna make sure pronounce the company's name -- senator wrong it's apple cup correct -- and how -- moss and Alex gave the savior amen thanks Emma.
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