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As Facebook stock sinks, how secure is Zuckerberg's job?

6 pointsby QuarkSparkalmost 13 years ago

2 comments

yumrajalmost 13 years ago
Zuckerberg has 57% voting rights, which, unless I'm mistaken, effectively means that the board and shareholders are powerless to force a change.<p>So, the way I see it, it seems Zuckerberg will be CEO till he wants to be the CEO, and even if there is a change in CEO, with 57% control, Zuckerberg will have total control and the new CEO would be in name only.
programminggeekalmost 13 years ago
Facebook was overpriced from day one and their P/E shows it. Is Facebook going to make a lot of money and stay a very successful company? YEP! Is it worth 100x earnings at the moment? I don't know.<p>Right now, Apple's P/E is like 15, so FB is priced at a 6x growth premium over Apple. It's possible that FB is priced too high or Apple too low, or maybe both are priced sensibly, but if I were throwing money around on Facebook stock, I would have shorted it months ago too.<p>As for Zuckerburg, it's his company and he's going to run it, that much isn't going to change.