PUBLIC OPINION > Facebook Stock Is the End of Zuckerberg's Reign
News 2012/06/01 17:00:00
Mark Zuckerberg was all smiles when Facebook launched its IPO at $38 a share last month. But when prices dropped below $28, he was immediately ousted from Bloomberg's Billionaire Index, which lists the 40 richest people in the world. Does this mean Zuckerberg's days at the top of the social media food chain are through? Will he soon be replaced by MySpace 3.0? We asked the public.
It's a close call, but the public does not see good things in Zuckerberg's future. It's not like he's going to be out on the street or anything -- in fact, now that he owns millions of shares in the company, his wealth is more tangible than ever. But the drop does demonstrate a real lack of faith in the company's growth potential, which means Facebook could soon go the way of MySpace (and Zuckerberg the way of Tom). Although, the stock did take a leap toward $30 Thursday afternoon...
The Big Money's on Mark
Despite the lack of faith, voters who make more than $75,000 a year are putting their money on Facebook. Not literally, at least not that we know of, but they were far more likely to put in a vote of confidence. The stock did go up again on Thursday for the first time in a week, which is a good sign. Hey, the stock market's a crazy game. It's not over 'til the fat lady sells!
Teens Think It's the End
Leave it to the teens to sock it to Facebook. Teens were more eager to see the end of Zuckerberg's reign, probably because Timeline did their heads in a bit. Voters over the age of 55, on the other hand, kept cool and admitted that Zuckerberg could stay on top, though only by a small margin. Lucky for Zuckerberg, those teens probably aren't playing the market. Not yet, at least.
Smokers Shut Him Down
There was a lot of pessimism going around, but none were so sure as the smokers. Three-quarters of the smoking population was convinced it was curtains for Zuckerberg. Why is that? Could it be that smokers are a little more cynical in general? It fits a stereotype, but we couldn't say beyond the implications of this poll. Maybe their friends keep posting pictures of them with cigs in their hands on Facebook.
If you'd like to vote on this question, dig deeper into the demographics, or engage in existing discussion about the topic, visit our poll about Mark Zuckerberg. We'd love to hear from you!
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