Facebook dangles search and mobile, shares rally


ETERNAL OPTIMIST: The 28-year-old CEO asked Wall Street to be patient as the company developed new products, addressing issues such as employee morale, and dashing rumours Facebook may build a smartphone. — Reuters

SAN FRANCISCO: Facebook Inc CEO Mark Zuckerberg soothed investors in his first major public appearance since the No 1 social network’s rocky May IPO, breathing life into its struggling shares after hinting at new growth areas from mobile to search.

The 28-year-old co-founder looked confident in a gray T-shirt and jeans, asking Wall Street to be patient as the company developed new products, addressing issues such as employee morale, and dashing rumours Facebook may build a smartphone.

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