As critics lay siege to Facebook, Zuckerberg is MIA

Samantha 2012/05/23 20:17:21
Aside from the weekend wedding pic, the last time investors saw the social network icon was on Friday morning — just before the rocky debut of his company’s stock. Zuckerberg was high-fiving Nasdaq Chief Executive Bob Greifeld and ringing the opening bell remotely from Facebook’s sprawling headquarters in Menlo Park, Calif.

But since then, a lot’s gone wrong including the Nasdaq’s botched opening of the stock; its precipitous slide since Friday to levels well below the $38 a share offering price; and allegations that lead underwriter Morgan Stanley shared negative news about Facebook with institutional investors before the IPO.

Through it all, Zuckerberg’s been MIA.

Jeffrey Sonnenfeld, a senior dean at the Yale School of Management, thinks Zuckerberg is making a mistake by not publicly addressing the problems. “It’s important now to actually show the execution, show the plan, show the new vision,” Sonnenfeld told CNBC’s “Street Signs” on Tuesday.

Read More: http://marketday.msnbc.msn.com/_news/2012/05/23/11...

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  • Zombie Saddam 2012/05/23 20:57:08
    Zombie Saddam
    How dare he be honeymooning with his wife enjoying one of the most important times in his life when his company is now worth ONLY $16 Billion dollars?
  • Sport_Geoff 2012/05/23 20:29:05
    Anyone else think the whole IPO hype was a setup? Wouldnt be surprised to find out Zuckerberg has already stashed a chunk of cash back from the IPO and is going to let the investors take a screwing.
  • Samantha Sport_G... 2012/05/23 21:28:56
    Aren't IPOs, in general, based on hype?
  • Sport_G... Samantha 2012/05/24 12:21:25
    Absolutely they are. As a real estate appraiser and someone who held a sales agent license also I learned that it's a fine line between hype (or puffing as it's called in real estate) and LYING. I am thinking that Facebook may have crossed that line.

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