Facebook Inc (NASDAQ:FB) held its second annual shareholders meeting yesterday, and most investors were praising the company, says a report from Mashable. No one was expecting this sort of stock performance a year before, when the first annual shareholders meeting was full of unhappy and upset shareholders.
“I’m a shareholder since the IPO,” a Facebook investor said on Thursday. “Thank you for making me money.”
Complete contrast to last year’s meet
Another shareholder said that the siutuation now is very different from the last year, which indicates that the social networker is doing well. Rose, an investor, recalled the story when she bought thousands of shares of Facebook Inc (NASDAQ:FB) after its IPO and kept them even when the stock was in red. She said that none of her relatives was aware of her huge investment.
“I want to congratulate all of you that have worked so hard to pull up your stock,” she said.
Back in 2013, during the annual shareholders meeting, investors were upset calling the IPO as a disaster, and questioning the action plan of the Facebook Inc (NASDAQ:FB) to rebound from the situation. At the time of the annual shareholders meeting last year, the stock was trading at $24 per share, a drop of more than one-third from its IPO price of $38 in May 2012. At present, Facebook shares are trading over $60 per share, which brings the market cap to more than $150 billion. Mark Zuckerberg, CEO of the company, said that last year was very exciting and good year for the company.
New features from Facebook
The social networking giant recently came up with a new feature for its mobile platform that can recognize the music and shows in the background, which now can also be shared with Facebook friends. Apart from this, the Facebook Inc (NASDAQ:FB) also now allows users to ask their friends about their personal data like dating habits, marital status and so on.
In its annual shareholders’ meeting, Facebook Inc (NASDAQ:FB) announced that there are five proposals from the shareholders and two from the company. The proposals range from equal voting rights for all FB shares to childhood obesity. It should be noted that Mark Zuckerberg holds more than 60% of the voting rights in the company.