Facebook Chief Operating Officer Sheryl Sandberg urged attendees at the Reuters Global Technology Summit in San Francisco Wednesday to judge the company by factors other than its stock price, saying that Facebook is “a much stronger company” today than it was when it went public May 18, 2012.
When I look back at the last year since we went public, I believe we are unequivocally a much stronger company today than we were on literally any metric I can think of. I can’t speak to the stock price, but I do feel strongly that we are a better-positioned, stronger company than we were a year ago.
Sandberg also told attendees she does not believe Facebook’s slumping stock price has affected employee morale or the company’s ability to lure talent, according to Reuters, and she added that Facebook was in no rush to generate revenue from Instagram, the photo-sharing network it acquired last September.
When asked about the potential for expansion into China, where Facebook is currently banned, Sandberg said, as reported by Reuters:
It’s an ongoing conversation with the government. At the end of the day it’s their choice. We were not the first entrants in our space to any market I’m aware of. There were markets like Brazil, where Orkut had huge penetration. We’re now over 80 percent penetrated into the Internet population.
Readers: Do you agree with Sandberg’s assessment that Facebook is a much stronger company now than it was when it went public last May?