The first issue is the administration of a $100 billion public company by a 28-year-old void of previous public executive experience. Are you nuts? I don't care how smart he is, Wall Street is paved with unequivocally ingenious people who founder as CEO. There is a good reason why the first question asked in a job interview is, "What experience do you have?"
Usually a reply of "None" results in learning how the fryer gets cleaned, not an offering of regional manager. The first red flag is inexperience; when someone is new, wait until after the first major blunder to scrutinize his or her efficacy before investing.
The second issue is 955 million active users, up from 901 million at the end of March. That's all fine and dandy but other than using Facebook resources, are they adding any real value? With almost a billion active users, I believe each additional active user added is, on average, less valuable to Facebook from an earnings point of view.If, on average, the most affluent and valuable customers for advertisers are already users, who is signing up? If so, who cares if another 200 million users are added if they can't buy anything (or as much) from advertisers? (Read
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