As stock drops faster than a coed's panties on a booze cruise, industry insiders wonder why Mark Zuckerberg isn't inviting shareholders to "Facebook Event: My resignation."
One industry researcher thinks Zuck's unsinkable ship might be heading toward a metaphorical iceberg!
If the CEO wants to keep the company afloat he must change course, or possibly captains, immediately.
"There is a growing sense that Mark Zuckerberg, talented though he may be, is in over his hoodie as CEO of a multibillion-dollar public company. While in many cases a company founder can, and does, grow into the job, things are happening so quickly that there is precious little time here for Zuckerberg to do that."
We love when corporate bigwigs use puns — in over his hoodie? HIGHlarious! — a but is a call for Mark to step down premature?
Facebook stock closed under $20 bucks a share yesterday. That's less than HALF of what they were worth during the company's initial public offering!
A different analyst offered his opinion on how the shareholders must feel.
"This was the most anticipated IPO in many years and it was like an exploding cigar. Every investor thought they were about to become wealthy beyond their wildest dreams, and they had this blow up in their face."
It gets worse!!
A senior managing director at a company offering investment strategies said:
"His behavior is what I would expect of someone his age — the hoodies and everything else. He's trying to appeal to his audience instead of being responsible to his investors. His job now is to run the company."
Is the criticism fair or are the haters hating they aren't a 28 year-old genius with $12.1 billion bucks in their bank account?
[Image via Buzz Foto.]
Tags: business blitz, ceo, facebook, mark zuckerberg, stock market, wall street