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Friday, May 11, 2012

Mark Zuckerberg: ‘How A Brat Tycoon Became A Brilliant CEO’

Facebook CEO Mark Zuckerberg arrived to meet with investors in New York on Monday  wearing his iconic hoodie. (AP)

Facebook CEO Mark Zuckerberg arrived to meet with investors in New York on Monday wearing his iconic hoodie. (AP)

As Facebook prepares to go public next week, 27-year-old Facebook founder Mark Zuckerberg is being criticized for wearing his signature hoodie on his roadshow this week to pitch Facebook stock to potential buyers.

Securities analyst Michael Pachter, who was the first to issue a “buy” recommendation on Facebook stock, told Bloomberg Television that the hoodie is a sign of immaturity and a lack of seriousness about the company’s initial public offering which doesn’t say much for Zuckerberg as a CEO.

But Business Insider CEO Henry Blodget says Patcher is selling  Zuckerberg short.

He says Facebook shares are a great buy for people who believe in Zuckerberg and the social mission he has outlined for Facebook.  But he warns short term investors, who might just be looking for a quick financial return, to be wary of putting their money with Zuckerberg.

“To him, Facebook’s social mission is more important than the company’s business,” Blodget said. “And on Wall Street that is heresy.”

Blodget adds, “In many cases I expect Mark Zuckerberg will make decisions that will hurt the stock price and will hurt the company’s financial performance in the short term in order to hopefully create a more powerful product over the long term.  And you have to be willing to make that trade-off.”

Guest:


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  • Airwreck M.

    Zuckerberg is obviously somewhere on the Autism Spectrum of disorders, probably Asperger syndrome, which makes his achievements that much more admirable.  He over came his deficits in remarkable fashion which his peers and contemporaries greatly admire.  And investors insistence on wearing certain attire and comporting in specific ways is yes, asking people to bow and genuflect to them.  Business and especially financial organizations take it for granted the ways they flaunt their power.  It’s reminiscent of Middle-Age Courtesans.
     

  • tensae

    Did I just hear you play sound clips from a fictional movie, with dialog written by Aaron Sorkin, and imply that those were Mark Zuckerberg’s actual words?  Hmmm….

  • Ted

    He was backed by money from the CIA. What do you people think Facebook is?
    The greatest listening post the “authorities” have to keep track of your thoughts.

    I have to repeat this I found elsewhere on a blog.

    “There is no war on crime. There is no war on drugs, no war on terrorism. There is only the ongoing effort by the federal government to collect as much information on as many people as possible.”  — Jim Redden, author of Snitch Culture: How Citizens Are Turned Into the Eyes and Ears of the State

    “The technotronic era involves the gradual appearance of a more controlled society. Such a society would be dominated by an elite, unrestrained by traditional values. Soon it will be possible to assert almost continuous surveillance over every citizen and maintain up-to-date complete files containing even the most personal information about the citizen. These files will be subject to instantaneous retrieve/review by the authorities.”
    Zbigniew Brzezinski, CFR member, founding member of the Trilateral Commission, National Security Advisor to Obama and five U.S. presidents

  • Guest

    This is not about innovative “genius” – this is all about how a lot of luck in America can make you a billionaire in no time. Facebook, will soon fade away too because all that it really is, is a media-supported “electronic bulletin board” – and that’s all.  This concept can’t really be protected. There is no great new technology here.  Same goes for Ebay, Paypal, etc. – they were modern day dart games that paid off big becuase someone was at the right place at the right time.  Any young people that think all they have to do to get rich is be innovative, will become disillusioned very quickly in the real world. Luck DOES play a large role in making an otherwise “loser geek” into a billionaire “business genius”. If you don’t think that it’s all about the money, then what would people (and the press) think about Zuckerburg if he only had $50K to his name and a website called Facebook? People love all the money – not  Zuckerberg (the social misfit “nerd”). People still don’t like nerds, UNLESS they have billions of dollars. This is actually so sad for Zuckerberg since I really don’t think most people genuinely like him (as was the case with Jobs).

  • Sam

    Well Ted has already brought that point up. It was CIA money that backed the wonder boy.

    Another one of those “black box programs” which the American taxpayer gets to support via the CIA and other agencies in Washington which deem it necessary for “national security”. These programs are technically called USAP’s. Unacknowledged Special Access Programs. Your government at work. Big Brother at its finest.  

Robin and Jeremy

Robin Young and Jeremy Hobson host Here & Now, a live two-hour production of NPR and WBUR Boston.

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