Facebook’s Zuckerberg Defends Derided IPO by Touting Mobile

A year after Facebook Inc.’s bungled public market debut, Chief Executive Officer Mark Zuckerberg is still facing the wrath of ordinary investors holding stakes now worth a fraction of what they paid.

At the company’s first shareholder meeting since an initial public offering in May 2012, one man who identified himself as Daniel summed up the frustration of many, saying of the IPO: “I think it’s been a disaster.”