“Facebook has raked in billions and will make a splash when its stock hits the open market next week. So, what are folks on Wall Street concerned about? Mark Zuckerberg’s hoodie, apparently,” Doug Gross reports for CNN.
“Michael Pachter, an analyst for Wedbush Securities, told Bloomberg that the Facebook CEO’s decision to show up for a meeting with potential investors dressed down in his trademark casual outerwear suggests that he’s too immature to run a massive corporation,” Gross reports. “‘He’s actually showing investors he doesn’t care that much; he’s going to be him,’ Pachter said in an interview on Bloomberg TV. ‘I think that’s a mark of immaturity.'”
Gross reports, “If nothing else, Pachter’s take (and he still thinks Facebook is a solid investment) reinforces the inevitable culture clash that occurs when a 27-year-old titan of California’s freewheeling startup culture meets the buttoned-down world of Wall Street.”
Read more in the full article here.
MacDailyNews Take: Steve Jobs and Woz redux.
However, regardless of attire, Facebook will be lucky to remain relevant for one-tenth as long as Apple has so far.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]
I don’t care if Fuckerberg puts on an Armani suit, he pisses me off for being born.
With Steve Jobs, even if he radiated RDF, at least he had a working product to sell that was desirable.
Fuckerberg is just another Madoff shyster promoting a Ponzi scheme with the IPO.
Amen to that!
+100
It must hurt to be you. So angry with everyone and the world.
He had an idea better than all yours, live with it and try sleeping at night.
+1,000
-1,000,000,000
yeah… but I’ll bet that he only has the one idea.
No second act to this play.
Zuck also has working against him that the Social Network
movie made him look good compared to the reality.
Not to mention his flopsweat geek-out appearance on
Walt Mossberg’s webshow.
I think WS will drive the stock up and then crash it into the
wall. Joyriding the nerd’s car and then wrecking it for laughs.
I thought a couple of rich frat boys had the idea? He just had the coding ability to build it..
That said, this idiotic notion that appearance/dress is the measure of a person is tired, old, and stupid. Note to old stuffed suits, take your bigoted views and stuff em..
Steve Jobs wore blue jeans every day, he is the greatest business/product visonary of the modern era.
Politicians proved the appearance/dress theory false decades ago!
Yes, his original idea was to get laid.
Hate to admit it, but I agree with you, BLN.
Zuckerberg is a punk.
zuckerberg may be a punk, but he’s got more mony than you or BLN will ever see in your entire lives. Get over it.
Big answer little man, think of anything else to say Einstein.
Always the same old rewashed schoolboy garbage, I got more and you don’t.
Grow up Rorschach….
Hey Rorschach, that’s Arnold Ziffel you are talking to, king of pork belly futures. He’s got plenty of green acres in his backyard.
Don’t you read the trades?
Remember, I also have Fred and Doris looking out for me.
I may not have the cash Zuckerberg does, but I’m living a contented life.
I am equally content wallowing in my own slop. We’re not the type to
go hogging up a lot of attention, that kind of swinish behavior indicates a willingness to pig out on disfavorable comments.
Enough with the cutting-edge humor.
It has become a boar and I want my razor back….
Good thing I’m thick-skinned.
I was just ribbin’ you.
I like to pork fun at people….
Looks like we’ve made use of everything but the oink…
TowerTone,
At least you aren’t barbecuing me. I think I’d be a bit tough – played a lot of football in my time.
Arnie
As one who spent years ‘fried’ and ‘baked’ and is in the business of microwaving, it all boils down to this-
I have no desire to eat you…;-)
I say to hell with the business suites and old world styles. Although Zuckerberg isn’t a Steve Jobs, I admire his resistance to fall into the stuffed shirt styles of the ultra-conservative gutless business community that would have never backed the idea of a FaceBook or Apple Computer. It is the maverick that change the world and give us a chance to leave the outmoded attitudes behind.
Stuffed shirts backed Apple when people thought computers were the things that only NASA and the richest kings of Europe owned.
If Zuckerberg is a maverick, then Barney the Dinosaur is a tyrannosaurus rex.
Yep, and stuffed shirts nearly ran it into the ground too. It took a guy in blue jeans to save it.
What’s your point?
‘Fuckerberg’. Good one! It will go viral. LOL.
hey hey hey.. I own the copyright on ‘Fuckerberg’…(infringement
alarm start wailing) I thought it up five years ago. That’ll be five dollars license royalty for your use of it in this comment section (holds out hand for your payment)
Thank god he wasn’t also carrying skittles.
Boom!
They are not using the IPO to raise capital for the business, they are cashing in. If the current owners think that they will be unable to get a higher price down the line, then investors should be worried as they have only downside to look forward to.
…or had a gotten a tan and dyed his hair black
Guys a classic douche. Media should expect even less.
I got news for ‘Investors’…
Zuckerberg wants you money, but he has almost no respect for you or what you do for a living. And he doesn’t give a S about your expectations or dress code.
sounds like “Z” has his head on straight to me.
+++ hehe, thanks. Though, I wouldn’t put a cent on FB.
I thought investors were investing in Mark, not in what Mark is or not wearing? If Mark is “too immature”, then how did he succeed on getting Facebook to where it is at this point? If Mark didn’t care, then FB wouldn’t be where it is today. That’s what investors should be investing in… Mark! Once again, people are judging books by their covers without focusing on the ‘high order bit’. Gone are the days of navy blue suits and silk ties. Lets keep the board room for decision making rather than talking about irrelevant topics. Lets move on.
>how did he succeed on getting Facebook to where it is at this point?
Screwing the privacy of 100 millions of people?
Or because he about to make a lot of money thru those actions, people are supposed to look the other way?
From his “I’m CEO, bitch” to all the TRUE stories of him screwing over early partners and employees, Big IPO or not, this is just another item in the long list of his immaturity.
What’s with the War on Hoodies?… Legalize them!
Wait- they are…
Savvy investors see the Fsckbook IPO as the biggest short opportunity of all time…l
…SHORTING
Hedge funds have already been shorting in the gray market, and will short big time once the IPO is done.
Biggest negatives are the man himself, that the subscriber numbers are already at the top of the S curve, the firm is having trouble monetizing ‘mobile’ and that’s where their most prolific users are and the entire base is moving over to (hence rumors of Facebook phone).
It may run up for a couple of months as the brokers sell to their clients and retail suckers buy, but the long term prospects are a downhill slide.
Do you believe the subscriber numbers are accurate, or really
just a cumulative total of every account that was ever created.
Notice how on Google when you do a search it tells you how many results you found, right? Log into (your) Facebook account, and do a search for Victor Frankenstein. You’ll get page after page, but no count of how many there are. Someone (if you have the patience) count the pages of Victor Frankenstein resutls, then report back to us here. Ready (looks at watch) go!
A real financial analyst cares about clothing. What’s all this nonsense about analyzing the actual IPO?
come on now, surely wall street is not so superficial as to get worked up over clothing and dress code?
What is with people wanting everyone to conform to the traditional “norms” of Wall Street? These new companies that are successful (like Facebook and, long ago, Apple) got to where they are because they went against the grain. They don’t care how things are normally done – you either invest in who they are and shut up, or you don’t invest. Period!
See “Barefoot Steve Jobs”
just cuz you put on a suit doesn’t mean ______.
see APPLE.
however, Facebook is a house of cards waiting to fail like every social network that gets replaced with something better, cooler, more underground…
Why is everyone so upset that Zuck isn’t circumsized? I mean, in some cultures “hoodies” are acceptable – even desired. And if push come to shove and we’d drop the pants of some of those Wall Street investors – they would have “hoodies” too.
Sad, but I think this might be a case of the pot calling the kettle black.
To all that don’t like Zuckerberg: Delete your FB accounts, and stop being jealous of a multi-billionaire that’s in his 20’s.
Yes, you all wish you did something like he did. But guess what? You didn’t.
Go to sleep, wake up tomorrow, hate your life while you’re driving to your sh!tty job (which you hate) and think about what Zuckerberg is doing at that moment.
I don’t get all the FB anger… They’re going to replace google at some point. They both make money on ads and ads go where people go. Should FB ever get into search, google will be toast. FB can copy google but google ?
Please.
Before FB gets into search, they will have to learn to show you the number of results you found…like what Google has been doing for years? Kind of reinforces that you actually may have 900 mil(?) active subscribers, versus a cumulative tally of every account that has ever been created. Of real and or imaginary/computer generated people… Yes, all those pages of Victor Frankenstein are real people, as is the page for Dr. Thomas Townsend Brown, he was able to create a page from beyond the grave (where he has resided since 1985).
I don’t care for Facebook, nor zuckerberg.
But if he makes the money he does wearing a hoodie… And the guy making 1/1000 he does is mad at his clothing choices?…
The Facebook IPO will zoom up initially due to every Tom, Dick & Harry thinking this will be the stock that makes them all rich, only to crash back to Earth once everyone sells thinking they rode it to the top.
The only people who will get rich off of this IPO will be Zuckerberg and the other current stock owners, plus the bankers who offer the IPO.
Everyone wonders how Facebook makes money. It’s because it mines your posts, where you go after Facebooking, what other links you click on, etc. and sells it to marketing/ad firms. And that data is more valuable than what Google gathers because it is highly personal and very accurate.
Why should Zuckerberg’s attire signal immaturity? Jobs never wore a tie and people took him seriously. Reminds me of what Lord White, then-CEO of British Airways, said after meeting Richard Branson when Virgin Airways was just getting started: “I would have taken him seriously if he had worn a suit, but he didn’t, and I couldn’t.” He lived to eat those word when British Airways started hemorrhaging money due to competition from Virgin.
Jobs never wore a tie
This turns out not to be the case. There are plenty of photos of him in a suit and tie.
-jcr
yep
The only question is Facebook the next 300 to 700 dollar stock in the next 3, 4, 5 years, if so buy if not don’t. By the way Google was selling for as high 719 dollars 3 1/2 after its IPO which started out 85 dollars (100 dollars retail?).
THe actual price tag of a stock is meaningless. FB could open at $5, or at $500 per share, and it wouldn’t mean much without knowing the total market capitalisation. While this may end up being in $billions, it will be nowhere near the $half a trillion (which is where AAPL is now).
The guy spent $1 billion on Instagram for crying out loud.
Oh, come on, he’s more respectful than you think.
I heard he has a black hoodie for funerals…..
why is everyone obsessing over zuckerberg’s attire or even his greedhead personality?
there are far more important and far ranging issues at stake here – about our incremental and collective loss of privacy resulting from the data mining of our web use patterns which facebook – and google and others – then sells to who knows who – for profit.
not to mention the dangers associated with cooperating with the federal government – handing over user data upon request, rather then demanding a search warrant before doing so.
to give up your privacy to corporations in exchange for convenience is a fools errand.
we all need to be demanding changes in facebooks practices, (or boycott them – which once they see a drop in profit might be the most effective step) along with federal and state laws and regulations protecting our privacy, otherwise before long we won’t have any at all.
personally, this is down a road i do not want to travel and i conduct my web usage accordingly, no facebook, no google and use of cookie blockers. where i go and what i view is nobody’s business but mine.
you don’t need to be a cyber criminal or a terrorist to be concerned. simply a healthy regard for your own personal privacy parameters should lead you to take precautions, and act accordingly.
to hell with facebook, sign off and let wall street, and zuckerberg take a bath.
@BLN… So don’t invest in the upcoming FB shares if you don’t feel they are worth it… but keep the “Shyster” word and Madoff comparison out of the conversation.
It’s fascinating to read post after post of vitriol directed at Zuckerberg. What is it about him that creates such anger? Is he dangerous because he plays the game differently? Because he’s attempting to change the game? Is it just Experience’s inherent resentment of Youth? Or straight-up envy?
I agree that he isn’t anywhere near Steve Jobs in terms of product creation, but he’s clearly playing on a different field. Why get so upset?
I would guess there are a few reasons for the vitriol against this guy. Probably the most common one is that he became disproportionately powerful (never mind wealthy) in relation to the skill, talent and the actual result of his effort. There are many guys like him who, in their young days, created something that eventually became extremely important to the world. Especially in the world of technology, Silicon Valley is littered with renegade rebels who created the likes of Apple, MS, Google, Yahoo and many others. The problem with FB and Zuckerberg is that, in most other cases, those renegade rebels quickly showed that they were able to sustain their creative stream of ideas and continue the flow.
Zuckerberg is probably much more like Shawn Fanning (of Napster fame), who had his brush with fame (which made him wealthy) and eventually settled into angel-investment role. The only difference is, Zuckerberg seems to believe that he belongs among the ranks of Steve Jobs. Unfortunately, we are all still waiting to see the next innovation (after FB) from him. And it has been almost 8 years since he did FB.
I can completely understand the annoyance some people feel when they read about this guy; he seems to be getting disproportionately too much credit for his contribution to humanity, regardless of the actual popularity and impact of his FB on the human interaction today.
Yep, that’s what I keep telling my clients, he’s a one act play. There will be no Macintosh or Superbowl commercial forthcoming.
Because the Zuck’s motives were to feel powerful and important.
It’ll do you in every time – just ask Hitler, Saddam Hussein or Mo
Gaddafi…look where it got them! A pit in downtown Berlin; a spider hole; and a drainage ditch. Is there no greater measure of prestige?
Zuck will end up teaching computer science…at Yale!!
Jobs was a slob until ~1990, when he finally realized that a vegetarian diet did not prevent the need for showers and deodorant.
But dickhead Zuckerberg will likely never learn how to present himself as a respectable and decent human being, because His Assholeness hasn’t ever actually had to prove himself in front of real people, and respectability & decency are 180 degrees opposed to the Facebook mission.