Facebook’s stock price is trading in a bear market as its CEO Mark Zuckerberg has indicated that his company’s future is uncertain.
The company has been struggling to meet its revenue projections and the company has had to lay off thousands of staff in recent months, according to a report by the Wall Street Journal.
In an interview with CNBC, Zuckerberg also acknowledged that Facebook has seen a lot of criticism from investors.
“I think there’s a lot more pressure than ever before on us,” Zuckerberg said.
“And I think we’ve had to address a lot and to do things that are more transparent.”
Zuckerberg said he believes the market is not expecting him to take the company private in October, but that it could be in October 2019.
“If I were to go to private equity, I’d probably want to do it in October,” he said.
“It’s the right thing to do for our company.
If the market does not believe that, it’s going to have a tough time understanding.”
Zuckenberg said he is currently meeting with employees to find out what he can do to improve the company’s operating efficiency.
“We’re going to do some things that I think are going to improve our efficiency,” he told CNBC.
“I’m not going to be here forever.”
Zombie apocalypse prediction: Facebook may soon be facing a zombie apocalypse Facebook’s shares have been hammered by investor concerns about the future of the company.
Facebook has seen its share price drop nearly 50% since the end of August and has seen investors ask if it could become too dependent on Facebook advertising revenue.
A number of analysts have warned of a potential zombie apocalypse, though there has been no clear indication of what that apocalypse will look like.
“In the future, Facebook may have to shut down operations and it may not even be able to continue operations, or at least it won’t be able for a while,” CNBC reported.