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.
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I'd mod you up but alas....
Yes, Facebook is not in crisis. Facebook is in it for the long-haul and the only ones who has a crisis are the people who didn't use their head and thought they could make a quick buck.
Facebook going public was not, and is not, a problem. Heck, they raised 10 billions with their IPO. If that's a problem I'd like to have one.
The problem is people with unrealistic expectations.

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