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I'm surprised with how many comments here are focusing on Zuck and not the market play for Facebook. I've worked at large companies that claim to be innovative
by blattus 10y ago
I'm surprised with how many comments here are focusing on Zuck and not the market play for Facebook.
I've worked at large companies that claim to be innovative. More often than not, short-term demands made by Wall Street guide business decisions in increasingly poor ways (reducing employee benefits, stymieing R&D, etc.)
This announcement obviously helps Zuckerberg personally, but it does also provide a signal to the market for Facebook's direction.
- forgetsusername 10y ago>More often than not, short-term demands made by Wall Street guide business decisions in increasingly poor ways Do you have any evidence that this occurs "more often than not"? I look around America, and the world, and see a ton of successful public companies. Hundreds. Thousands even. Some of them have been around for over a century. What you're saying is exactly the type of thing someone would say as they try to wrest control from other owners; that everything will fall apart if they're not in charge. Silicon Valley likes to paint this picture of the "genius founder", but it's rarely the case in reality. If Zuck was abducted by aliens tomorrow, Facebook would live on.