The Maturation of Mark Zuckerberg

#1

Post by nikunjk » Mon, May 07, 2012, 2:22 AM UTC

The Maturation of Mark Zuckerberg
nymag.com

Re: The Maturation of Mark Zuckerberg

#2

Post by joelrunyon » Mon, May 07, 2012, 2:36 AM UTC

1-page version here --> http://nymag.com/print/?/news/features/mark-zuckerberg-2012-...

Re: The Maturation of Mark Zuckerberg

#3

Post by cal5k » Mon, May 07, 2012, 2:40 AM UTC

"It is a huge sum, even in context. Zuckerberg’s impending fortune is more money than Wal-Mart’s 10,000-plus stores made last year."

This line is a little disingenuous. It's more money than Wal-Mart "earned" last year, not "made". Wal-Mart earned ~$15B on revenues of $447B in 2011.

Still, sort of surprising given the company has annual revenues higher than many countries' GDPs...

Re: The Maturation of Mark Zuckerberg

#4

Post by [deleted] » Mon, May 07, 2012, 2:44 AM UTC

[deleted]

Re: The Maturation of Mark Zuckerberg

#5

Post by thespin » Mon, May 07, 2012, 3:22 AM UTC

"Facebook was not intended to be a company."

I'm still not sure it is a company. What exactly does FB produce? It's main asset is your personal information. Which of course it does not own.

FB users produce everything, and hand it over for free to the "funethical" crew of FB "engineers" to play with. As Zuckerberg would say, "Dumb fucks."

Re: The Maturation of Mark Zuckerberg

#6

Post by wyck » Mon, May 07, 2012, 3:36 AM UTC

>Because not only is Zuckerberg declaring that he considers Facebook’s social mission a higher priority than Facebook’s business and financial mission—a view many on Wall Street would consider treasonous

Wall Street, meet the wall.

Re: The Maturation of Mark Zuckerberg

#7

Post by EternalFury » Mon, May 07, 2012, 3:41 AM UTC

The IPO is timely because there is no telling how long it will take for Facebook to become the next MySpace. It could be 6 months or a couple of years, or never, if they find some way to reinvent themselves before then.

Re: The Maturation of Mark Zuckerberg

#8

Post by flotblot » Mon, May 07, 2012, 3:45 AM UTC

Am I the only one who misread the second word in the post title? Maturation is not a word often used, but there is a similar looking word that is...

Looking forward to the IPO. Should be a wild ride.

Re: The Maturation of Mark Zuckerberg

#9

Post by geraldfong » Mon, May 07, 2012, 3:46 AM UTC

> “Basically, there are two ways to build an organization,” a former Facebook employee explains. “You can be really, really good at hiring, or you can be really, really good at firing.” Zuckerberg has been really good at firing.

There seems to be a plethora of news about hiring, but when was the last time you saw something about firing?

Re: The Maturation of Mark Zuckerberg

#10

Post by rationalbeats » Mon, May 07, 2012, 3:47 AM UTC

cal5k wrote: post #3

"It is a huge sum, even in context. Zuckerberg’s impending fortune is more money than Wal-Mart’s 10,000-plus stores made last year." This line is a little disingenuous. It's more money than Wal-Mart "earned" last year, not "made". Wal-Mart earned ~$15B on revenues of $447B in 2011. Still, sort of surprising given the company has annual revenues higher than many countries' GDPs...

Considering the author of the story is permanently banned from Wall Street for fraud, it does not surprise me he is loose with the numbers.

I would also question the rest of the analysis as well.