Report: Facebook CFO David Ebersman Meeting With Large Investors In New York
With the restriction on sales of Facebook shares by large shareholders set to expire Aug. 16, Chief Financial Officer David Ebersman is holding private meetings with those investors in New York Friday, according to reports.
With the restriction on sales of Facebook shares by large shareholders set to expire Aug. 16, Chief Financial Officer David Ebersman is holding private meetings with those investors in New York Friday, according to reports.
Bloomberg reported that Ebersman is trying to calm those investors’ concerns about the social network’s ability to increase advertising revenue.
Topeka Capital Markets Analyst Victor Anthony told Bloomberg:
Investors who bought into the initial public offering have lost billions of dollars. He needs to get out there and tell the story of how he’ll drive revenue growth.
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