“This is not how we planned it,” Facebook COO Sheryl Sandberg tells CNBC’s Julia Boorstin about the 42% decline in the company’s shares since its IPO in May. But the exec pretty much sticks to the company’s rah-rah script. “We are a more valuable company than we were four months ago,” she says:
Facebook COO “Disappointed And Surprised” By Stock Fall: Video
By DAVID LIEBERMAN, Executive Editor | Monday October 1, 2012 @ 1:45pm EDTTags: Facebook, Sheryl Sandberg
This article was printed from http://www.deadline.com/2012/10/facebook-sheryl-sandberg-ipo/
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Up until now, I had only read –mostly glowing– accounts of Sheryl Sandberg. Seeing her sweat in this clip doesn’t exactly inspire confidence. She’s on-message but the message is weak.
I always wondered about Facebook, like most internet firms. There are almost no barriers to entry for social networking. Facebook was the flavor of the month, and facebook put them out of business, essentially, in a matter of months.
You can do a good job and the consumers may just not like you. Plus, how does facebook make money? Advertising, sure. Selling private info, sure. But it does not justify the insane valuation.
FB will be obsolete in 2016. Shares will trade around $5.00
Facebook has some serious growing up to do. Well the post-teen operators of Facebook. No one cares about facebook, it is a tool. RARELY do any of the ads capture my attention. I’m on FB, do what I got to do and off. Wall Street is fucked.
Facebook is a loosing gamble.
Once the vail of privacy is exposed the social medium is over.
Yadda yadda.
Betty White said it best when she hosted SNL: “Facebook – what a colossal waste of time.”