It's Dumb to Think Mark Zuckerberg Isn't Facebook's Biggest Risk Right Now

Wall Street has long hailed Zuck as a visionary leader of a company on track for world domination. But what now?

Author:: Kinsey Grant
Publish date:: Mar 24, 2018 7:00 AM EDT

Amid a scandal that rocked Facebook Inc. (FB) - Get Report to its core, chief executive Mark Zuckerberg was quiet.

The Cambridge Analytica story broke Sunday. Zuckerberg didn't come out of hiding for a public comment until Wednesday. During the time in between, Facebook stock plummeted 8.5%. If you think that Mark Zuckerberg isn't the biggest risk Facebook faces right now you may be one of the dumbest on Wall Street.

Zuckerberg ought to own up, regardless of who this falls on. It makes sense he wanted to wait to get his facts straight, but he could have called an all-hands and had this ironed out in fewer than three days. Maybe he would have even avoided a class action lawsuit while he was at it. Or $60 billion of his company's value.

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