Analyst Says Facebook Stock Is Tanking Because Of Zuckerberg’s Hoodie
(Newser) – Why is Facebook’s stock languishing well below its IPO asking price? Blame Mark Zuckerberg’s hoodie, says Michael Pachter. The Wedbush securities analyst was widely snickered at a couple weeks ago for complaining that Zuckerberg shouldn’t have worn the hoodie on Facebook’s “roadshow” for investors. Now, he says he’s been vindicated. No, it’s not responsible for all Facebook’s woes—”the flop is 100% a function of supply and demand”—but it didn’t help, either. “Had Mr. Zuckerberg worn a jacket instead of a hoodie (showing them that he respected them enough to ‘dress up’), he would have made a statement to them that he cares about their needs,” Pachter wrote in an email to Business Insider. “He chose not to make that statement, and the current share price demonstrates that investors have chosen not to support Facebook shares.” If Zuckerberg had worn a jacket, he muses, “perhaps more people would be stepping in to buy now.”
Yea. Sure. Thats what it was dude. Not the fact that Facebook is a complete question mark for the future. Not the fact that nobody really knows how they make money off of the 900 million users. Not the fact that Morgan Stanley revised all their revenue forecasts at the last second before the offering and only told certain people. None of those issues are what resulted in a shitty opening for Facebook. It was the fact that Mark Zuckerberg wore a hoodie.
Gimme a fuckin break dude. You made a big stink about his clothing like some sort of old business dinosaur and now you’re trying to vindicate yourself. Steve Jobs wore a goddam turtle neck everywhere he went, didn’t affect Apple one bit. Matter of fact lets take this one step further – Steve Jobs is fucking dead and it didn’t even affect Apple. Bottom line is, Zuckerberg could have slipped his dick into a banana hammock and if people thought facebook was gonna make them money, they would be buyers.
Zuckerberg’s whole shtick is that hoodie. Its his giant fuck you to all the suits of the world. Didn’t you watch the movie bro? He ain’t puttin on a suit anytime soon, and something tells me he and facebook will be A-OK when its all said and done.
rocked a tie to for an Obama fund raiser at facebook and told the crowd he should be taxed more, the fucking man
he should use the hood to cover that thing he just married
First time anything has gone down on the Zucks.
No suit anytime soon expect the pic that was on the stool like 3 days ago
Just because Occupy Wallstreet is full of asshats doesn’t mean that 99% of Wall Street traders are not absolute dbags. I mean…they make great money and I respect that, but I hate guys like this who pretend they are Very Important People who Help America. Zuckerberg came up with a cool idea that made him a billionaire. What has this fuckface ever done other than take people’s money in his shitty Wall Street scams. Don’t get me wrong, I have no problem with getting rich off a good scam…but don’t ask me to “respect” you, you two-bit fucking money grubbing crook.
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@Will I Am – the reason he said he should be “taxed more” is because his income pales in comparison to his wealth. income and wealth are mutually exclusive in the world of billionaires. he’s worth billions, but his income is maybe 10 mil a year. of course he’s going to go ahead and say he wants to be taxed more. a higher tax rate isn’t going to impact his lifestyle whatsoever
I felt the same when I saw him ring the opening bell last Friday. You’re entering the big leagues by going public, try to act like you’ve been there before kid, buy yourself a suit.
Cubs Win FTW
“He ain’t puttin on a suit anytime soon”?? Bro he wore a suit last week.
Facebook really has no tangible product. The only have bullshit services. That’s why their stock is failing. Investor confidence is based on a real forecast of a product that will make money. Facebook has nothing but advertising revenue and a few gimmicks to lure in more fidiots to its bs services. unless they start selling a facebook device or something that integrates them into the business world, i don’t see them lasting too long in the stock market.