title Facebook has no plans to close, says Mark Zuckerberg article Facebook is “not planning to close” as an insider website, the company’s chief executive Mark Zuckerberg said during a conference call with investors, according to a person familiar with the matter.
The person spoke on condition of anonymity because the call was not public.
Zuckerberg was speaking on behalf of the company at the time.
Facebook has been in a struggle to survive as a growing number of companies, including Google, Yahoo and Twitter, are trying to lure users away from the company and replace it with a rival or competitor.
The social network is the biggest source of traffic for most websites, accounting for more than 70% of Internet traffic in the U.S., according to StatCounter.
It’s also one of the most popular in the world, with more than a billion users worldwide.
Zuckerberg also said that he has not discussed Facebook’s potential sale with Zuckerberg, but that the company is “very happy” to have him on board as an investor.
Zuck’s comments came during a phone call with a group of investors that included Mark Zuckerberg, CEO of the technology company, and Peter Thiel, the founder of PayPal.
Zuest is one of several prominent Silicon Valley venture capitalists who have expressed support for Facebook, which has a valuation of about $200 billion.
In a statement, the billionaire said he has been an investor since the start of the year, adding that he is “happy to be an investor in a company that is changing the world.”
The Wall Street Journal reported last week that Facebook had raised $1 billion in a funding round led by Sequoia Capital and Sequoias founder Peter Thiel.
Facebook’s shares rose more than 20% to close at $63.30.