Is young CEO a Facebook liability?
One investment firm is reportedly calling Mark Zuckerberg a 'risk factor' related to the company's IPO. Oh, please.
Zuckerberg, all of 27 years old, is a "risk factor," according to an internal JP Morgan (JPM) sales document about the Facebook IPO, reports Charlie Gasparino of Fox Business Network.
Well of course he is a risk factor. Any 27-year-old would be. His youth and inexperience bring many advantages to Facebook, and helped it become what it is today. But they are also undoubtedly a risk as Facebook gets ready to sit at the grown-up table.
That may be one reason why Zuckerberg was noticeably absent from at least one Wall Street meeting leading up to the IPO. Bankers have been grumbling about this, even though Facebook sent its chief financial officer and other executives in to answer any questions they might have.
Facebook may price its IPO shares between $28 to $35, placing its valuation in a range of $60 billion to $96 billion. Trading on the stock is expected to begin on May 18.
There are conflicting reports about whether Zuckerberg will in fact show up for the "roadshow," which are the meetings that generally take place before IPOs in which executives talk to large investors about the business. The AllThingsD website says that of course Zuckerberg will be there; he's too integral to the company's businesses to be absent.
But Gasparino chimes in on this one too, saying that Facebook is citing security reasons in its decision to keep Zuckerberg away.
Does Facebook even need its CEO to be there? The IPO is expected to be a smash as it is, and it's unlikely Zuckerberg's appearance in front of Wall Street will change that.
Ted N. ... You stated "He has no business being where he is because he doesn't have enough experience" When someone makes a comment like that...as far as I am concerned, it is strictly jealousy. How do you figure you could teach him a thing or two? Sorry, I have to laugh.
What do you know that he doesn't??? I know he's the one sittin pretty and your there reading about this multi million dollar man. Oh stop it and just tell the kid what a great job he has done!! Give credit where credit is due.
Take the money and run ...
Hell he can do it now, but after the IPO he ought to cash it all in and buy a nice island in the Mediterranean, build an elegant Italian style villa and stuff it to the rafters with beautiful young women from all over the planet, ala 'Uncle' Hugh Hefner and the Playboy mansion. Life's short and you're only young once ... it's time to get busy and lay lots of pipe :-)
Peace to all
The risk factor is that Zuckerberg maintained enough control to do whatever he wants. He could screw up and make a bad move and destroy the illusion that is Facebook.
Once IBM Lotus was the end all be all app. Once Netscape ruled the browsers. Once America Online WAS the internet!
In less than 5 years, when all the cool kids only use smart net appliances tattoed onto their faces, people will be saying "Remember when Facebook was something more than Mom's and corporations"?
You may not agree with what Facebook represents or like Zuckerberg's role as CEO in taking Facebook public, but you have to give the guy credit in changing the face of how we communicate with each other. For that alone, he deserves a lot of credit. Whether he stole it or created it on his own, he has taken it from obscurity to a world-wide phenomenon.
Personally, I don't put ANYTHING I wouldn't want my boss to find out, my mother to see, or would embarrass my children, but I do enjoy seeing pictures of children and grandchildren who live more than a thousand miles away and catching up with friends I don't get see very often.
All he has really created is the perfect front for gathering extensive personal evidence on gullible individuals and dressing it up as a social network. All privacy is thrown out the window by a system that gives gestures of respecting "confidentiality" whilist tagging peoples pictures and a whole host of other quietly intrusive/invasive measures.
If a government had created this website people would label it as "social spyware", just because a young American boy that could not even finish his studies opened the web site, it is seen as " acceptable".
The actuall web site is invasive and totally lacks any respect for privacy, not only do total strangers try to join you as a member but the web site even puts forward daily lists of strangers wanting to become "friends"?
Never did I think the communist administration would lead the world in the obvious action of blocking and banning the website. Other governments, police forces and corporations love it because it is fantastic spyware and enables them to enter into any persons private life and dig up information about them which they choose to interprete as they see fit.
For those choosing to be stupid enough to invest money into this "shame" you only have yourselves to blame when the reality bubble pops and either governments with a concience start banning FB or people simply quit it.
It's his show the other clowns are just cashing free checks from his site...
Dont hate him for what he did or his age
I am old enough to remember when Gates and Jobs were not old enough to run companies like microsoft and apple. Funny how creativity and some hard work makes a difference. Yes there are many young kids out there with good ideas, but it takes some risk and a little off the wall thinking to make things work as well as Facebook has. Time will tell if he can be another Jobs and if he will really be able to stay on as CEO. Is he a little prick, yeah but you can't argue with success.
BTW I don't like Facebook and I don't think it will be around in ten years. It does not have the potential to create new products which will stagnate its growth. But the kid will be around and be and very rich.
The brothers got some money but nothing remotely compared to what the Zuck got. Why ? Because it was settled out of court. The brothers knew they might lose all, considering what Zuck did compared to their idea was apples and oranges.They had to settle. If they really thought it was all their idea they would have and should have went to court. They wimped out. The settlement to Zuck was a drop in the hat, he swatted away a few annoying flies.
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