They say that a man’s downfall is either the love of women, money or power. Well Facebook had lots of power but it was the money that is its current downfall. Its share price has halved after the market has woken up to a simple fact – they over claimed their future advertising revenue. So is Facebook finished?
Posts Tagged: Mark Zuckerberg
Currently, the world’s largest social network started trading on the Nasdaq last week. With over 900 million users you can see the temptation. Did you buy shares? And if so, why?
Is social need replacing greed? Given Mark Zuckerberg’s recent comments it seems it is. Mark has stunned City folk and ‘greedmunsters’ across the world with his reply to the question “how and when will Facebook make money?” He isn’t really interested in making money, he openly admits money isn’t high on his agenda, as long as he has enough to get by. What drives him is a personal ethos to connect people.