Put on your forward-looking thinking caps. Like Mayer, listen to what Zuckerberg says. If he performs on the call as he has in the media in recent months, investors, barring a miss of epic proportions, will give Zuckerberg the same hall pass they have afforded Mayer.

Both deserve one, and for longer than two quarters.

At the time of publication the author had positions in FB and YHOO.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.
Rocco Pendola is a private investor with nearly 20 years experience in various forms of media, ranging from radio to print. His work has appeared in academic journals as well as dozens of online and offline publications. He uses his broad experience to help inform his coverage of the stock market, primarily in the technology, Internet and new media spaces. He has taken a long-term approach to investing, focusing on dividend-paying stocks, since he opened his first account as a teenager. Pendola, 37, is based in Santa Monica, Calif., where he lives with his wife and child.

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