News of Facebook’s second quarter report didn’t just hurt the company’s stock, it left a bit of a dent in Co-Founder and CEO Mark Zuckerberg’s wallet. CNET reported today that since the market closed on Wednesday, Zuckerberg is down nearly $3 billion.
Facebook’s first quarterly financial report since going public offered some good news and some bad news for the company. The good news? Facebook is continually gaining users, especially on mobile. The bad news? The company took a major financial hit in stock compensation after the post-initial public offering freefall. But the three executives on Thursday’s earnings call — Co-Founder and CEO Mark Zuckerberg, Chief Operating Officer Sheryl Sandberg, and Chief Financial Officer David Ebersman — are confident in Facebook’s future.