From Forbes: Facebook’s stock has tumbled by more than 40% since its May
IPO, wiping out more than $40 billion in market value. But according to Mark
Zuckerberg, Facebook’s CEO, “nothing has to change.”
Zuckerberg made the comment amid a media push celebrating
Facebook reaching 1 billion users that included an interview with Matt Lauer on
the Today Show. Bloomberg Businessweek also got a shot at Zuckerberg and asked
him what he has learned about the public markets and institutional investors in
the last six months during the Facebook stock debacle. His answer suggested
that he has not learned all that much, or at least that he has not changed his
general attitude:
“We’re focused on the long term. That hasn’t changed. And
sometimes people ask this question, which is like, all right, how is going
public going to change the culture of the company? My view is that’s actually a
choice. Nothing has to change the culture of the company. That’s a leadership
decision we get to make, how we choose to prioritize.”
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