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The implosion of Facebook and Zuck's inability to stave blood loss, and instead bet the company on a niche product line with little interest and even less produ
by jonathankoren 4y ago
The implosion of Facebook and Zuck's inability to stave blood loss, and instead bet the company on a niche product line with little interest and even less product should be a emperor's new clothes moment wrt founder stock having 10x voting rights, but I doubt that it will be.
The college dropout got lucky with a money printing machine. Not screwing that up, and purchasing every competitor is pretty easy. Now the business is hard.
- duud 4y agoHow is a company that did $27 billion in revenue last quarter and has 3 billion users imploding? The stock price is down (a similar amount to Netflix,PayPal and other quality companies). There is a difference.