Linked by Howard Fosdick on Wed 5th Sep 2012 05:24 UTC
In the News Remember the dot com debacle of a decade ago? Well, it's back, this time in the form of Facebook. Since its high-profile public offering last May at over $38/share, FB is now down to about $18/share. Management is finding that running a public company is very different than one privately held, as people variously blame Mark Zuckerberg (or not), CFO David Ebersman, lead IPO underwriter Morgan Stanley, and even the NASDAQ stock exchange. The real problem, of course, is that Facebook went public even as its business model desperately searches for new revenues. Let's just hope they don't pull a Digg and fatally redesign the whole site in response.
Permalink for comment 533962
To read all comments associated with this story, please click here.
kateline
Member since:
2011-05-19

FB is in crisis because it is a public company now. Investors ultimately dictate its fate. If the stock price doesn't recover somewhat you can bet there will be big changes.

Reply Parent Score: 2