Mark Zuckerberg has said Facebook would not sell his shares for at least a year to boost investor confidence.
The statement came amid a decline in the value of Facebook stock touched its lowest 17.55 U.S. dollars per share on Tuesday (08/04/2012) yesterday or less than half its IPO price of 38 U.S. dollars
Zuckberberg alone has 444 million common shares of Facebook and 60 million shares of common stock that may be issued at the time of execution options.
Last month, Peter Thiel, a venture capitalist early Facebook investor, sold 20.1 million shares of his established after the first lock-up period expires.
The statement sparked Zuckerberg Facebook shares rise by nearly 2 percent in after-hours trading after it.
There is concern about the future of Facebook related company's ability to generate revenue from its mobile user base.
More and more users accessing social networking sites from mobile devices, while the mobile version of the Facebook site difficult to run ads for a limited screen size issue.
It reflects poorly on Facebook that rely on advertising for most of its revenue.
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