Report: Facebook CFO David Ebersman Meeting With Large Investors In New York

With the restriction on sales of Facebook shares by large shareholders set to expire Aug. 16, Chief Financial Officer David Ebersman is holding private meetings with those investors in New York Friday, according to reports.

Bloomberg reported that Ebersman is trying to calm those investors’ concerns about the social network’s ability to increase advertising revenue.

Topeka Capital Markets Analyst Victor Anthony told Bloomberg:

Investors who bought into the initial public offering have lost billions of dollars. He needs to get out there and tell the story of how he’ll drive revenue growth.

Facebook went public May 18 at $38 per share, and its stock price plummeted almost immediately, sinking below $20 in early August. At the time of this post, Facebook was trading at approximately $21.55 per share.

Readers: Do you think Ebersman will be able to reassure Facebook’s large investors, or are we headed for a huge sell-off next Thursday?

Related Stories
Mediabistro Course

Applied Web Analytics

Applied Web Analytics Starting July 22, learn a deeper knowledge of traditional web analytics measurement for online marketing and advertising and other digital tools including media and mobile devices. You'll learn how to select key performance indicators to measure your website, set goals and produce results, integrate analytic efforts into your marketing strategy and more. Register now!