Facebook mishandling its crisis, experts say - Market Day
The main problem is Zuckerberg, Almonte said.“He’s locking himself in a room somewhere and refusing to talk to anyone,” he said. “I think he needs to swallow his pride and bring in experienced people who understand Wall Street and understand the nature of investing and the politics of Wall Street, because a lot of this is about perception.”“Zuckerberg needs to step up to the microphone and assure them he is working on a strategy to make Facebook profitable for them - and then he must bring in better financial and marketing experts than himself to develop a clear strategy for transforming Facebook into a profitable enterprise,” he added.
Zuckerberg is an immovable object.
Wall Street is an irresistible force.
Something's gotta give.
I'm not sure. I think the best thing to do is focus on product, acquisitions that improve product, BRIC countries, and the search for additional repeatable and scalable business models.
Spending time appealing to Wall Street....will not help them generate revenue in a fast-changing market. I think as long as they continue to focus on the next product innovations, they'll be fine. Why should they succumb to external pressure when they haven't (seemingly) before -- with the rare exception privacy concerns.
If people are not happy with their current profit forecasts, the time to voice that displeasure was pre-IPO, IMHO.
Facebook the product has never been great. It's always been adequate.
Right now there's a question of vision, given declining revenue growth.
Also, people are questioning Facebook's governance: http://pandawhale.com/convo/5541/also-of-significant-concern-is-the-make-up-of-facebooks-board-gmi
The headline should read "Wall Street Analysts Finally Meet Someone More Arrogant Than They Are"
Stephen Colbert popcorn animated gif concurs!
This showdown is gonna be fun!
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