Mary Meeker, partner at Kleiner Perkins Caufield & Byers, thinks that Facebook is a “great” company. In a talk at the D10 Conference this week, she alluded to Nasdaq’s technical problems as a key issue in the social network’s poor IPO offering.
The New York Times reports: “While Ms. Meeker did not explicitly fault Nasdaq, she said the early technical issues broke the market’s confidence and spooked skittish investors. ‘We’ve never seen anything like it before,’ she said. ‘Confidence and momentum in the market is so important.’”
While Meeker doesn’t think the stock will rebound right away, she is hopeful. Why? AllFacebook.com points to her annual Internet Trends report, which shows how apps are helping Facebook’s traffic surge. For example, video application Viddy, made traffic spike in April. We’ve embedded the graph above for you to check out.