Thursday, May 10, 2012

After two days on the road, Facebook leader Mark Zuckerberg has not impressed investors with his business savvy, when that's just what he should be doing.
RELATED: Internet Delights in Facebook IPO Filing's Juicy Details

After a hectic Monday in New York, when Zuckerberg kept his audience waiting because he got caught in the bathroom, the Facebook crew decided to switch things up a bit, hoping to smooth out the process. Instead of showing this "creepy, mesmerizing" video, which investors complained they'd already seen, Facebook Chief Financial Officer David Ebersman and Chief Operating Officer Sheryl Sandberg took the helm, answering questions about the social network's future business plan, according to a report by The Wall Street Journal's Jon Kamp, Kirsten Grind and Jennifer Levitz. While that move aimed to appease investors who wanted more Q&A time, Zuckerberg did not show at all, further angering some potential investors. He left about 200 people waiting and gave no reason for his absence. "I think if you're going to take public money, you should be at public meetings," Lawrence Haverty, Jr., an associate portfolio manager of Gabelli Global Multimedia Trust, told Kamp, Grind and Levtiz. 

No comments:

Post a Comment