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pa28

(6,145 posts)
6. Zuckerberg already beat Wall Street.
Mon Jul 30, 2012, 01:25 AM
Jul 2012

If you look back on some of the media coverage before the IPO and compare it to the argument you cited from CNN just today you'll find a similarity.

At that time big investors were complaining about his lack of respect, casual dress and lack of a clear revenue plan. Major institutions thought a "serious" person should be brought in to lead FB into the era of a public company.

Regardless of the huffing and puffing they all brought their money and went along with Zuckerberg's plan for a highly valued IPO based on massive earnings growth for years into the future. They bought the pitch.

Zuckerberg suckered quite a few sophisticated big money investors in the end. They should probably just swallow their pride and admit they were outsmarted by the guy in the hoodie.

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