Facebook tops 1 billion users - 21 News Now, More Local News for Youngstown, Ohio -

Facebook tops 1 billion users

Updated:

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 Inc.'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.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More From wfmj.comMore>>

  • Fired band director says he fixing vulgar culture

    Fired band director says he fixing vulgar culture

    Thursday, July 31 2014 9:34 PM EDT2014-08-01 01:34:18 GMT
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.More >>
    The fired Ohio State University marching band director says he was working to change its sexualized culture when he was dismissed.
    More >>
  • Ohio theme park tries to top shaved-heads record

    Ohio theme park tries to top shaved-heads record

    Thursday, July 31 2014 9:27 PM EDT2014-08-01 01:27:36 GMT
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
    MASON, Ohio (AP) - A southwestern Ohio amusement park will try to top a Guinness record for the most heads shaved simultaneously to help raise awareness and money to fight cancer. Kings Island says more than 200 hair stylists from Great Clips salons in Cincinnati, Dayton, Columbus, Cleveland, Lima and Toledo will shave heads Friday at the park north of Cincinnati. The Guinness World Records website says the current record at 182 heads shaved simultaneously was achieved by Cancer Council ACT-...More >>
  • Hundreds of pet rats rescued from Ohio apartment

    Hundreds of pet rats rescued from Ohio apartment

    Thursday, July 31 2014 9:23 PM EDT2014-08-01 01:23:19 GMT
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
    KETTERING, Ohio (AP) - Humane Society workers have rescued hundreds of pet rats from an apartment in suburban Dayton apparently left after the renter was evicted. The Humane Society of Greater Dayton found as many as 300 so-called "fancy" or "pocket" pet rats in the studio apartment in Kettering after responding to a complaint Thursday morning. Humane Society official Sheila Marquis tells the Dayton Daily News the animals make great pets for children but breed rapidly if they aren't spayed a...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 Worldnow and WFMJ. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms