Well when ever a lecture is given by an entrepreneurship development enthusiast, the mention of Facebook Inc (FB) has become inevitable. Hats off to those who go beyond "what's in it for me," as in the book titled 'The Human Touch.' FB, the No. 1 Internet social network and first US Company to debut with a capitalization of more than $100 billion, rose 5 percent to close at $29.60, on Thursday. The rise is 22 percent below its $38 Initial Public Offering price, but is considered as positive trend in the last four days
FB IPO at the NASDAQ did ofcourse fare badly. The reason ascertained by a few scholars is, it was due to the FB CEO Mark Zuckerberg's abilities and credentials. "Would the Facebook IPO have bombed if Mark Zuckerberg had an MBA?" Vivek Wadhwa, a fellow at Stanford’s Rock Center for Corporate Governance, asks in a piece in the Washington Post.
True the FB Chief is college dropout like the Microsoft scion Bill Gates and Apple icon Steve Jobs. But just because the IPO has created a chaos, the comment seems callous, feel critics. Infact Bill Gates and Steve Jobs went on to create history in their endeavors. And Zuckerberg himself has augmented relationships between millions across the globe using his social networking strategy. However we do not encourage getting dropped out, or ever think that it is an exclusive road to success.
Because Zuckerberg himself had a brand of stalwarts in his team like David Ebersman, ex CFO at Genentech, Bret Taylor, founder of Google Maps, Matt Papakipos, engineering director behind Google's Chrome OS and Marne Levine, former chief of staff of the National Economic Council. The IPO was not an individual decision and a team aspiration.
And relating to the initial glitch to his credentials is precisely incorrect feel critics. The reasons are many like the weakening of the currency, euro crisis and FB’s long term financial patterns and could be more too. However an elite team is at work is evident and attributing failure to Zuckerberg alone seems a little escapism. FB could bounce back anytime feel optimists. (With Inputs from Internet- Aarkay)