“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.]