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(NBC News)   Pace marketing professor to Mark Zuckerberg: Facebook's stock crisis is bad and you should feel bad. Zuckerberg: Lol I can't hear u over the sound of how awesome I am   (marketday.nbcnews.com) divider line 110
    More: Obvious, Mark Zuckerberg, Facebook, Jim Cramer, market capitalization  
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8452 clicks; posted to Main » on 29 Aug 2012 at 2:09 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-29 12:30:02 PM
"Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.
 
2012-08-29 12:30:23 PM
Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.
 
2012-08-29 12:48:01 PM
Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.
 
2012-08-29 12:57:44 PM

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


Yep, he's just too damn young and inexperienced for something like this. In the beginning I guarantee you he thought he was the most badass young CEO out there and nothing could go wrong. Now that there are actual issues, he's running away because he has absolutely no clue how to handle a situation like this.
 
2012-08-29 01:24:54 PM
FTFA: Facebook shares were trading at around $19 recently, about half their $38 price when they went public on May 18

I CALLED IT
 
2012-08-29 02:07:50 PM

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


In other words, Zuckerberg is an incompetent CEO... and he's the only thing keeping the company from being crushed under the pressure to profit in the short-term.

/Facebook apologist
//still not ready to buy
 
2012-08-29 02:10:51 PM
That's right, Pace University is in NEW YORK CITY!
 
2012-08-29 02:11:27 PM
blog.bluewillowbookshop.com

now with pic
 
2012-08-29 02:12:39 PM

DanZero: [blog.bluewillowbookshop.com image 480x360]

now with pic


Get a rope!
 
2012-08-29 02:13:10 PM
Is Facebook still a thing? I assumed it was hanging out with MySpace by now.
 
2012-08-29 02:14:49 PM
Shocking news everyone!!! Facebook blows.
 
2012-08-29 02:17:31 PM
They really should have gone public sooner. It seems they only went public when they were already at their peak and in danger of getting Myspace'd.
 
2012-08-29 02:18:43 PM

Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.


I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.
 
2012-08-29 02:19:33 PM

DanZero: That's right, Pace University is in NEW YORK CITY!


Came for this, satisfied
 
2012-08-29 02:21:31 PM

Marcus Aurelius: Zuckerberg has iron hamfisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


Fixed that for ya. If you bought facebook share at all, you're a stupid person for not reading where they basically acknowledge that they will not be able to sustain their business.
 
2012-08-29 02:23:19 PM

GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.



Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.
 
2012-08-29 02:24:14 PM
Facebook is basically Tay Zonday.

Became very popular and exposed on the internet, but was a one trick pony that would never see any money for it.
 
2012-08-29 02:24:20 PM
Facebook is the new Myspace

GriffXX: I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


When I found out it whats going public...The stupid friends that were dying to buy in, I told them 90 days the IPO would be cut in half. I think we all knew that was gonna happen.

/can't generate revenue for a billion dollar publicly traded company from Farmville and Mafia Wars apps.
 
2012-08-29 02:25:08 PM
Hal Thompson approves this headline.

Where are your live chickens?
 
2012-08-29 02:25:59 PM
""The wonderful thing about the stock market is, in the final analysis, the price of something tends to move toward its real value, so if there really is value in Facebook beyond its current price, the management team has failed to communicate that to investors effectively," Chiagouris added."


zuckerberg isnt an idiot. he developed hype, sold stocks at extremely high prices. he wins.

the fact that OTHER people are selling shares at half the original price is irrelevant. given that he created facebook and has been in the business for a while im sure he's well aware of the fundamental problems advertisers have with the facebook system. i dont think it IS fixable to become competitive with ads from google or amazon or whatever..... its a different system that just isnt as good, but zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.
 
2012-08-29 02:26:01 PM
Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.
 
2012-08-29 02:26:23 PM
I'm waiting for Zombo.com to go public. That will be one hot stock.
 
2012-08-29 02:27:02 PM

HotWingConspiracy: Facebook Twitter is basically Tay Zonday.

Became very popular and exposed on the internet, but was a one trick pony that would never see any money for it.


There. I said it.

/not saying Twitter is bad
//but if you want to talk about an unsustainable business model, I still do not understand how they expect to make money
 
2012-08-29 02:27:27 PM

bambi121899: GriffXX: Snarcoleptic_Hoosier: Why should he care? He's a billionaire (or close enough to it).

And when he cashes out, Facebook will hire an executive team to start data mining (more than they do now) and that will kill the company. I'm still convinced Facebook is the AOL of this decade.

I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.


Curious, but why do you think that? Not being snarky, just asking. I'm wondering because Facebook *is* a pretty big deal. Mom, dads, grandparents, siblings, stalkers and the like use it quite a bit to stay connected. You can share pictures, links, fundraisers, parties, etc. It's so much more...I don't know, usable, for damn-near everyone.

Not to say that your prediction won't come true.


Yea I am curious why it won't be around much longer either and how it's business model is not sustainable. I mean TV has pretty much the exact same business model (show people pictures of crap they might want to buy), and it has been around for 70+ years.
 
2012-08-29 02:28:09 PM
Facebook is in crisis, and in a crisis a company's CEO should be front and center, acknowledging the key issues, apologizing to those affected and giving a commitment to not letting an incident happen again, said Larry Chiagouris, a marketing professor at Pace University's Lubin School of Business.

Correction, Facebook stock is in a crisis, Facebook as a thing is doing the same as it always has. You retards that thought Farmville requests and pictures of people's dinners was worth billions are the one with a crisis.
 
2012-08-29 02:29:43 PM

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


I think this is the thread where we all talk about how we knew the price was going to plummet, yet failed to short the stock to make money.
 
2012-08-29 02:30:12 PM

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


Well that 'kid' managed to score a billion dollars. How many of us can say that?
 
2012-08-29 02:30:26 PM

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


In fairness, actual business experts are ragging on him. Just because he started it doesn't mean he knows how to run it.
 
2012-08-29 02:30:32 PM
wow.zamimg.com
 
2012-08-29 02:31:54 PM
Let me see if I understand:

1. Zuckerburg is an idiot.
2. The Wall Street masterminds that overpriced the stock of a company that does not have the revenue to justify the price. Instead they did the same thing as the dot.com boom and based the price on future profits for some crap that like. These guys are the geniuses.

I think they Wall Street goons are just upset they got stuck holding the bag instead of passing off to their sheep... er clients.
 
2012-08-29 02:31:55 PM
why did i read that as Zoidberg TWICE
 
2012-08-29 02:32:10 PM
I must be missing something. The company hasn't changed. The "problems" are not new. The only thing new is that some smart stock market types got everyone to pay WAY too much for the stock. Now that the booze/ honeymoon effect is over, people realize they got swindled by paying too much. Just another day on Wall Street. This is a manufactured problem and if people are calling for more Wall Street types to come in, they will only find ways to screw everyone worse.
 
2012-08-29 02:32:19 PM

Genta: zuckerberg cashed in at the moment of maximum hype and now he can do whatever he wants, he has the money for anything just about.


His shares are locked down until November. If you think he's about to sell out of his own company, I encourage you to short the stock immediately before his shares become available.

I think he's going to stay in.
 
2012-08-29 02:33:33 PM

Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.


And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.
 
2012-08-29 02:34:35 PM

xanadian: FTFA: Facebook shares were trading at around $19 recently, about half their $38 price when they went public on May 18

I CALLED IT


Yet, it's still overpriced. The IPO should've had a price of $12-15. Pricing it at $38 was a guaranteed money loss for everyone involved.

What is Facebook's revenue streams? Advertising and that's about it. And I don't know a single person who looks at Facebook ads.

The article is right- bring in someone who knows business to run the company and Zuck can just focus on the technology stuff. But I think it's too late for anyone who brought in at the IPO price to make a profit.
 
2012-08-29 02:37:18 PM
Christ I'm so sick of hearing about facebook...it's never ending.
 
2012-08-29 02:39:29 PM

JackieRabbit: Marcus Aurelius: Zuckerberg has iron fisted control of the company. If you bought Facebook stock for more than $15 a share, you're a stupid person and you should feel bad about yourself.

And even at $15, you would have made a risky investment. FB is not worth $15/share; maybe one day, bot today. It may be worth $8, but some analysts are saying its more like $5. And never, ever invest in a company run buy a kid who, while very smart, spent his life having everything handed to him. Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.


Zuckerberg is just a greedy entitled assknob with computer skills who stole someone else's idea, marginally improved it, and then pushed everyone out, including his business guy.

I don't doubt he's smart and FB for now has pretty much superb market share, but yes eventually he'll get pushed out and replaced with someone who will totally ruin the company because the knowledge transfer won't happen like it should.
 
2012-08-29 02:40:05 PM

JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.


It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century
 
2012-08-29 02:40:44 PM
"[Facebook's stock price] will eventually get to a point where its valuation is unrealistic,"

Much like Earth will eventually get to orbit the sun.

/why oh why didn't I short this stock
 
2012-08-29 02:47:14 PM

Flakeloaf: "[Facebook's stock price] will eventually get to a point where its valuation is unrealistic,"

Much like Earth will eventually get to orbit the sun.

/why oh why didn't I short this stock


same reason you didn't short MPPP back in 2001
 
2012-08-29 02:48:06 PM

FishyFred: JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century


The difference between Gates, Jobs and Zuckerberg is simply this. Zuckerberg is enjoying his money. He is by far the smartest of the group, because he saw ahead of time that the business model was not sustainable.

MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

MS will still be around long after both of the other two are gone.

Facebook will not survive, and Zuckerberg farking well knew it when he went IPO. It was a cash grab and you are a fool if you didn't know it.
 
2012-08-29 02:49:13 PM
Zuckerberg basically set himself up to not have to answer to wall street....that in and of itself should have been a giant red flag for IPO investors.

Idiot....no. Untrustworthy mega-douche....yes.
 
2012-08-29 02:51:58 PM

Kahabut: MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.


You got exactly one out of three correct.
 
2012-08-29 02:54:57 PM

Kahabut: FishyFred: JackieRabbit: Bill Gates and Paul Allen understood that their forte was in technology, so they hired real business men to help them operate and grow Microsoft.

It's funny you should say that, since Bill Gates is arguably the greatest salesperson of the 20th century.

Or luckiest, depending on how you look at it.

/Steve Jobs = Greatest salesperson of the 21st century

The difference between Gates, Jobs and Zuckerberg is simply this. Zuckerberg is enjoying his money. He is by far the smartest of the group, because he saw ahead of time that the business model was not sustainable.

MS has office and windows and Xbox in every office, home, living-room in the USA and a good chunk around the world.
Apple has a totally un-explainable fan base, and insane profits, on a dwindling platform.
Facebook has shiat all and knew it right from the start.

MS will still be around long after both of the other two are gone.

Facebook will not survive, and Zuckerberg farking well knew it when he went IPO. It was a cash grab and you are a fool if you didn't know it.


FB has been so brutally datamined that I'm not seeing where it ould be worth more in the future. IMHO people that bought stock were just caught up in the frenzy.
 
2012-08-29 03:04:15 PM

FinFangFark: Facebook is the new Myspace

GriffXX: I've been saying that this is history repeating itself. Geocities, AOL, MySpace - things that are popular transition to 'less relevant' to 'not relevant anymore' to 'gone'. Unless someone comes up with a real game-changer for Facebook, I expect the same thing will happen to them.

When I found out it whats going public...The stupid friends that were dying to buy in, I told them 90 days the IPO would be cut in half. I think we all knew that was gonna happen.

/can't generate revenue for a billion dollar publicly traded company from Farmville and Mafia Wars apps.


You would be surprised.
 
2012-08-29 03:04:56 PM
How many .Com fiascos does it take to teach investors?

/at least one more
//insanity is as insanity does, like partisans
 
2012-08-29 03:05:20 PM
In other news, Jim Cramer still has a job.
 
2012-08-29 03:07:02 PM

MrEricSir: Is this the thread where Fark's business "experts" rag on the guy who made billions from his college dorm room project?

Yes? Okay, continue.


THIS. AND I love the "they ought to force him to resign" comment as though it were even possible.
 
2012-08-29 03:07:20 PM
By the way, if anyone here is in marketing or advertising...kill yourself. Thank you.
-Bill Hicks
 
2012-08-29 03:09:36 PM

Pocket Ninja: "Kidiot" remains the best word I've ever heard used to describe Mark Zuckerberg and his business acumen.


He cashed out a billion on IPO day. The true kidiots are those who failed to see this and/or bought into his CIA induced scam.

A billion in a single day. Yet you, Mr. Genius are calling him out over his failure. LOL
 
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