Facebook founder and CEO Mark Zuckerberg speaks at the TechCrunch Disrupt SF 2012 conference on September 11, 2012 in San Francisco, in his first public interview since the massive public offering on May 18 that was hotly anticipated but ended up being a flop. Facebook is not building its own mobile phone, despite some reports to the contrary, Zuckerberg said, adding the phone would be 'clearly the wrong strategy' to adopt. AFP PHOTO/Kimihiro Hoshino (Photo credit should read KIMIHIRO HOSHINO/AF
NEW YORK (AP) - Facebook has topped 1 billion users, but the past few months have not been easy.
CEO Mark Zuckerberg says that the company is going through a bit of a rough patch following its rocky initial public offering.
Zuckerberg updated his Facebook status on Thursday to announce that the social networking site has more than 1 billion active users each month. He thanked users and said that he is committed to making Facebook better.
The Menlo Park, Calif.-based company has had a difficult time of late. There were trading glitches the day it went public in May and concerns since then about its revenue potential. It's also facing lawsuits from disgruntled shareholders.
Zuckerberg said in a "Today" show interview Thursday that "we're in a tough cycle now and that doesn't help morale, but people are focused on what they're building."
Last month Zuckerberg gave his first interview since Facebook's shaky IPO and since that time he's been working hard to boost confidence among investors and the public.
Zuckerberg told Matt Lauer during the "Today" interview that Facebook's future is about mobile, an area it's been criticized for not capitalizing on quickly enough.
The 28-year-old executive also continued to reassure that he is the right person to lead Facebook, as some on Wall Street have questioned whether he has the ability to lead a large public company.
"I take this responsibility very seriously," he said.
Facebook's stock gained 45 cents, or 2.1 percent, to $22.28 in premarket trading. The shares closed at $21.83 on Wednesday, off 43 percent from its $38 IPO price.
The Associated Press