Last week was rather quiet except for the increasing drama surrounding Facebook and what was to be their $100B IPO. It could still be, but thanks to its young, inexperienced, and clearly still-maturing CEO, it found itself digging out of an avoidable hole. Its experienced executive team was by all reports doing a terrific job until Zuckerberg decided to show up at an IPO pitch in a hoodie, showcasing what was seen as massive disrespect for the financial analysts he was meeting with. Then, as the week ended, there was word that the FTC might hold up the IPO.
Loading ...
Pulling a Zuckerberg, or How to Kill a $100B IPO
Posted by: Rob Enderle May 14, 2012 05:00 AMLast week was rather quiet except for the increasing drama surrounding Facebook and what was to be their $100B IPO. It could still be, but thanks to its young, inexperienced, and clearly still-maturing CEO, it found itself digging out of an avoidable hole. Its experienced executive team was by all reports doing a terrific job until Zuckerberg decided to show up at an IPO pitch in a hoodie, showcasing what was seen as massive disrespect for the financial analysts he was meeting with. Then, as the week ended, there was word that the FTC might hold up the IPO.