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Fb stock is down again. A few more billion and its a buy now.
2 years, 3 months ago on Facebook Doesn’t Need a New CEO, Reuters Needs a New Technology Writer
@mcarney @NasdaqGlitch Mcarney is just being a dick.
@Nevin Dan Boy the commenters are fired up.
@Alan Smithee Wow everyone is fired up.
@jasonkolb To be a "Steve Jobs" on Wall Street your company needs to have strong revenue numbers, its not so much the product but the revenue numbers. The cream filling.
@NasdaqGlitch @Goyabadoo Well the reason why I said this is because I worked in wall street as an investment banker and understand what happened in this case. But what I refer to is companies that have a future desire to go public one day they need to be realistic and the street will reward it. If your goal is to build a company and sell it to Google, then blow up the value of your company but if your goal is to go public wall street rewards revenue numbers not pageviews.
Let's start off by saying that Mark is a great CEO. A great CEO is not defined by the fact your company is public or non public. I think the issue is his greed. Post IPO mark allowed his company to have an unrealistic valuation of 100 billion where in the real world, meaning a public company in wall street will see the revenue numbers and not care about friends but revenue. When this company went public the real valuation was maybe less then 50 billion if that. It's a lesson for CEOs of non public company's to not value there company beyond what its really worth so when the company goes public the stock will likely increase instead of decreasing. But mark knows this. He wanted a google and risk the company's future.