“Can you remember the last time a chief executive fell from grace with as loud of a thud as Facebook wunderkind Mark Zuckerberg?” Jon Friedman asks for MarketWatch. “Yes, I can remember: Steve Jobs. He was banished from Apple Inc., the company he founded, only to return many years later to Everest-like heights.”
“So far, Mark Zuckerberg has proven he is no Steve Jobs. Just look at the stock performance,” Friedman writes. “Granted, it’s been only a few months, but Zuckerberg has yet to step up and prove he can wear the mantle of Steve Jobs.”
Friedman writes, “Facebook’s stock fell to a record low during trading on Tuesday, plunging more than 40% below its IPO price of $38. Today, Zuckerberg needs a public-relations makeover — quickly — if not only for his own image, but also for the sake of the Facebook’s stock price. This is crucial because Zuckerberg is the face of the company.”
Read more in the full article here.
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Zuckerberg hasn’t cared about his public image since forever, why should he start now?
Because he sold his public image at 38 dollars a share?
That was the problem. There’s nothing wrong with Facebook (well, they still need to come up with a proper way to monetize their user base, and get something, anything from mobile — but that’s no different than before the IPO).
The real problem was the sky-high valuation. Facebook is worth maybe $20 billion until someone can find a way to make money from it. All those users, and all the demographic, geographic and psychographics data on them is worth trillions — if the value can be unlocked. Zuckerberg better have a Manhattan Project cooking away somewhere, figuring out what to do with it all. Otherwise he is in trouble.
Because he has nothing else but public image. SJ made computers, printers, music players, tablets, a famous animation company, a unix-base popular OS and a host of other things. Zukerberg runs a website. WTF?
exactly!
a f’g site!
with highly annoying design/functionality/ads + f’g everyone’s privacy.
being one of the world’s most annoying sites, it will disappear in significance within 5 years.
lest Mr Sugar Mountain stops dumping his f’g sugar all over and starts building something with meaning, substance and actual intelligence (beyond monetizing all of us through ads)
nothing Mr Zucker does is tangible. it’s all hot air. how is there pride is such innovation? it’s no wonder our american ingenuity, if FB is the biggest thing in a decade, is dead, and our economy is lost.
Plainly they haven’t figured out how to make Facebook even more annoying and blatant in its search for profits until users flee altogether as it becomes unbearable. Unfortunately they sell services only, not services and products. And mostly those services are free – D’Oh! And most everyone ignores the ways Facebook attempts to monetize since it is a SOCIAL and not a SPENDING network.
Well luckily for him he’s probably not trying to be, so you might as well add in there that he’s no Mickey Mouse or Muhammad Ali.
I love how MDN has no problem touting stories about others not meeting expectations of some nebulous group, but then bitches and moans when Apple doesn’t meet analyst expectations.
You can walk on either side of the street MDN, but not both sides at the same time.
Analysts predicting Apple have been wrong for more than 30 years. Similar to sportswriters who can’t pick (predict) a conference champion in preseason. When they are wrong, nothing happens. Apple stock should be so lucky.
Zuck ain’t no Steve Jobs, and Facebook ain’t no Apple either, I wish everyone would stop comparing them.
Apple was a failed company until about 2002 hence easy on the comparisons. Zuk has never eleven suggested that heir Fcaebook were anything more than Zuk and Facebook. The Apple disciple phenomenon is so hard to understand. What drives people to defend a for profit company like Apple the way they do? Honestly this type of behavior is scary hence why the reference to Kool-aid and there are several other worldly examples of what can happen when someone or something becomes part of a person’s DNA.
Don’t forget, Jobs best and most prolific days were AFTER he got canned by Apple. Next and Pixar became big hits. (Next took a while, but every iPhone, iPad, and Mac came from those seeds.) I am not saying Zuck is the next Steve Jobs, but hard to judge with incomplete body of work.
Zuckerstain was in the right place at the right time.
Jobs has repeatedly created both (his) space & (his) time.
Zuckerpuke will soon join Jerry Yang on urinal cakes at the Tech History Museum.
Facebook’s model is the problem. I only know of one time where I intentionally clicked on a Facebook ad (Amazon selling the new Zac Brown Band album for $4 versus $11 on iTunes).
They need a “Facebook Pro” or something. Free of advertisements, and maybe one or two extra or enhanced features ( a great one would be not selling pro users’ information to advertisers).
They only make $1.28 in revenue per user, per quarter. So at $8/year for Facebook Pro, every user that signs up suddenly brings in 64% more revenue than he/she normally would.
I also think a great idea would be to introduce their own fundraising tool. Or at least partner with one of the existing sites and get a cut.
There are a number of Facebook ad blocking browser extensions. I never see ads on Facebook.
Facebook has ads?
I have Facebook blocking – even better!
I have been thinking the same thing. If they need revenue (what business doesn’t) create a pro version and charge .99 a month or $10 per year. With 950 million users if only 25% became a pro user they would generate an additional 2.3 to 2.8 billion dollars in revenue.
Zuckerberg is the equivalent of Steve Jobs’ toilet.
that’s right. your right nut agrees.
not that i’m an all-knowing savant all have to believe.
but then there’s logic to believe:
1. apple/steve have INFLUENCED/changed/improved/evolved at least 7 industries
vs FB/SugarMountain man: nothing
2. the biggest tech INNOVATION in our USA for the last decades has been FB, right?
well, what is FB really? nothing! hot air!
humans have chatted for millennia.
all Zucker did is digitize that.
our biggest US pride in a decade surely can’t be hot air?!
we’ll collapse as fast as the DotComBoomBust did after a decade of halo promises based on the most shaky but empty foundations!
3. STOCK
who cares about FB’s stock fallacy.
we americans always judge everything by money.
the value of a company’s products/services has nothing to do with that. like Apple’s credo states: create insanely great products, before you create money, and success, as proven by the phoenix-like rise of AAPL, naturally follows as an indirect consequence, not through greed.
greed is why all apple’s competitors fail with all their 1000s of Apple-killer products or why Google & MSFT lie about their quarterly numbers or Amazon never publishes its Kindle numbers. Apple does not rely on media hype or manipulated figures, it’s all about factual popularity and actual valid credit card accounts at its fingertips for power.
4. SugarMan
fine. no one disputes his iQ for having reinvented chatting.
but what has MR Sugar really invented?
a. nothing really
b. it makes money, but FB Fatigue will soon make FB bust, within 5 years.
c. FB’s fallacy is they’re as dumb as Google which copied all of Microsoft’s mistakes in the last 30 years! Msft is based on licensing. Google’s Android chaos hurts users & developers & manufacturers. it’s a nightmare. FB wants to do their own phone too and like Goo or Microdough is full of shit, full of desperation. they will all 3 fall, fail.
success never comes from no focus. or arrogance. or copying.
the only way for apple’s competitors to succeed is if they invent in their own unique category, not even in apple’s category – which they can never catch up to. competitors had over a decade to prove it, yet failed miserably.
so, SugarMan:
what have you done for me lately?
besides digitize chat and equate human progress with uploading pictures, wow!, i only made society be addicted to silly chats, i killed privacy, i eroded human rights, i popularized mediocrity in site design & functionality, i bastardized human intelligence by not augmenting reality but mocking it and packaging it into the biggest banality in human history, oh…and that’s not to mention my biggest accomplishment: force-feeding ads down everybody’s throat so i can have too much cash to wipe my intelligently (manipulative) ass with paper money…
5. VISION
tell me, seriously, what vision does this socio-path have?
did you ever see him be unrobotic in public? he seems to have no self-expression, no emotion, no soul.
is it true or not, that FB started on Zucker’s asocial need to find a date?
what is Zucker’s vision for society or users for the future?
killing more privacy?
how will FB be humanely beneficial to us, really?
iSteve & iTeam had vision.
passion.
creativity.
goals.
they actually helped human kind. evolve.
they actually helped with people’s careers.
helped with sustainability of many individuals and the creation of many side industries.
but what does FB or Zuckerberg really add in value?!
as iSteve told John Sculley in 1983 “Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?”
well, Mr Zuckerberg (German for Sugar Mtn): are you full of sugar and piling it up onto people like shit hitting the fan, disrespectfully, omnipresently, greedily, in mockery, or for what benevolent reason? what, Mr. Sugarpile, is your ultimate goal with us users?!
Hell, Suckerberg isn’t even Steve Ballmer.
The market decide what Facebook is worth. then it will be profitable.
Zuckerberg BaseFooked investors and he’s smiling.
Facebook is a service, not a product.
+1
Hmm…He should have kept it a private company. Just doesn’t fit.
Maybe rename him Mark Suckerman?
When the window of every chain store and restaurant has a “f” and a “t” sticker in the window, you know that these ad agencies have become nothing more than corporate shills. The end user doesn’t need them, and never did. Just another way for marketing schmucks to push their lowest-common-denominator misinformation and annoyances down our throats. The sooner the fad is over, the better.