Founders-as-CEOs: Did Zuckerberg Mess up Juggling Both?


Bangalore: Since Facebook’s IPO in May this year which was no less than a disaster, the stock price of the company has been constantly falling. The company has lost more than $50 billion in market value after the offering that’s more than what Lehman Brothers gave up in the entire year before it filed for bankruptcy.

Not surprisingly, this has invited a lot of critics who believe that the CEO of the social network, Mark Zuckerberg should now step down from his top position. But still many experts from the Silicon Valley have respect for the founder-as-CEO phenomenon. They are devoted to the idea of strong founders retaining control of their companies.

Is it really time for Zuckerberg to quit?

The skepticism on Facebook multiplied when the company came out with its first quarterly report after the IPO. Many analysts saw a poor current picture and underwhelming estimates about future performance. Facebook is also having problems with its mobile version which is believed to be the future of content.