The World is Calling You Zuckerberg, Where Are You?

By siliconindia   |   Thursday, 31 May 2012, 09:49 Hrs   |    4 Comments
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Bangalore: The first couple of weeks as a public company had been a nightmare for the world’s largest social network. The most hyped IPO of the decade faced a fiasco on the debut followed by a disclosure scandal and finally, a law suit from the unhappy investors.



But most important of all, the stock price slide. Faceook shares are now down about 25 percent from the IPO price a week ago and are expected to fall further more, according to the analysts.



The point is Mark Zuckerberg, from whom the world want to hear a word about all this, is nowhere in the scene. He is on his honeymoon in Europe! He never made a public appearance since Facebook went public. He married his longtime girlfriend on weekend following the IPO, and then flew to Europe. And now, with his company inviting criticism from all sides, people are wondering why Zuckerberg hasn't made some sort of public statement.



Many people feel Mark should come out. Hear this from Rob Cox, Americas Editor for Reuters Breakingviews, who thinks the same: “Yes, he'll be legally constrained in what he can say, and he'll have to be very careful. But, having played such a small role in the IPO, Zuckerberg needs to take full responsibility for what has happened and let Facebook's shareholders, users, and employees know that he is firmly in charge.”



At the same time, Zuckerberg is also experiencing the same as his investors. Bloomberg announced this morning that Facebook's sliding stock has made Zuckerberg out of Bloomberg's list of the world's 40 richest people. He lost a whooping $4 billion invalue from the first day of IPO and is only worth $15 billion now.



Let’s hope he will make an announcement soon, re-assuring the world with his early statement: “Facebook is focused on long term results,” and 2 weeks is just a short time.



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