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by wilfra
5091 days ago
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"...Facebook...exist to make their shareholders rich. And yet we seem to think that they exist to make cool products," Zuck specifically said this isn't true in his letter to shareholders. They make money so they can build, they don't build to make money. If you simply observe his own lifestyle and the choices he's made with Facebook, it is pretty clear money means very little to him and that he absolutely loves running Facebook. Given that he can veto anything anybody else ever says about the company for the rest of his life, I am inclined to believe him. Wall Street seems to believe him too, thats why FB's stock is not doing so hot. They know FB's dictator despises them and doesn't care about making them money. |
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On the other hand since Zuckerberg's being an arrogant asshole preceded his wealth, one can argue that this sing and dance number that fools you is actually just history repeating itself.
I think I'll base my opinion on him from actions rather than what I read in a multi-billion dollar letter... as if he would realistically say anything else...
One thing is for certain though: his stock has underperformed because his company was considerably overvalued, not because he wasn't a kiss-ass to the street.