Facebook IPO: Take It or Leave It? 

Him and him is a light breakfast and probably you will wonder how to play it isn't so i have a birthday to mark zetterberg and twenty eight years old today facebook is expected to start selling stock to the public this friday not exactly birthday but plenty against the company might be worth a hundred billion and there's rumors swirling the ipo is already oversubscribed but amid all the hysteria they had the patient is a lot of doubt among investors about the ceo mark zuckerman twenty eight years old half the age of most of the fortune five hundred ceos and the famous for his jeans and hoodies and sneakers can you run this public company with tens of billions of dollars doing on the henry logic ceo and editor-in-chief of business insider and douglas rushkoff author of program or be programmed ten commands for a digital age welcomed both of you executed centerburg has really kind of much like to say steve jobs is much be played off his own identities own personality how well does that kind of management style translate into running a public company by it if if steve jobs is any example it it works a whole lot better ten years later and thirty eight and etc. you can return i think it's really tricky and used use at at at best he's an inventor invented something great and useful i always felt the skills of the other ceo asserted with different a different set of skills and so you really had a bunch of experience really balancing the needs of your of your employees need to your customers needs of your technology and needs of those those many many shareholders out there and sell handmade logic of what we know about that these kind of the inventors and innovators their ladies identities that are so famous american pop in the american public what we know about what kind of managers they are well telling the reader and lmr not convertible but short and i think he learned a tremendous amount about managing companies and what he has to do to be a leader of the last eight years to build a great team underneath him very carefully delegated the piece of the business that he's interested in namely the business itself finances the ipo dealing with investors to other executives worked briefly talented he meanwhile has focused on facebook service and thus far in his eight years at the helm of the company he had a very good vision for where things are going and how the product should work itself people to be very encouraged by that i don't larger point though mark is completely in control of the company and he made it very clear that his priority estate social mission not business and that should scare any investor lies to because it's heresy on wall street of at most ceos are supposed to say what i get up in the morning for every minute of the day it is focused on creating shareholder value which translates to a higher stock price tomorrow than the stock price today marks that were really did not care about that what he cares about is funding the social mission of facebook and yet there is already a very good business there but i think as with jet they visit amazon over the next several years mark doctor berger can make vision to drive short-term investors briefly and there is nothing that they will be able to do about it so that's an license of this is insanely thank you dennis ross costs clearly in connect and share steve jobs to mark achterberg except to the extent that they both seem to be very hands-on to the pulsing the relatively controlling over what happens and they were able to it they become probably the cause of youth and energy they were able to innovate whereas other companies go public in the kind of turned stale it would not be a plus in zetterberg you will be a plus immunity you have to compare martin bergen and steve jobs because similar security running a company that on apartment with steve johnson and ed that is ever younger age and where where where i get i'm sure i didn't i come from the the i guess that the innovation and social side as opposed to the business side night i prefer shareholders who would actually take a long-term view but what i was when i was hoping for was it a more innovative ipo in our remember when google did its ipo and everyone got all upset because they were letting regular peoples or can decide what the share price of " auction including different prices and that the price was sort of the price was arrived at in a internet fashion analogous to the way google itself arrived to search results and i felt like it was going to come in and really shake things up one about coming up with a more social way to develop an ipl rather than just going into the standard channels as douglas rushkoff author programmer reprogrammed ten commands for additional digital age while henry blodgett and maybe you can lay some of many investors concerns to rest than having the martyrdom of himself has said if you want to value facebook you have to think about mike douglas said five years from now ten years from now is that something of that kind of long-term view that the ceo needs the insecticide of maturity for a great treat the company rate for phase users and that he would just made us his entire career at amazon and it is no accident that amazon is the best surviving company out of the nineteen nineties is always focused on that about great question is whether that is good for shareholders in the near term and i think answer that question we go do is look at amazon the last fifteen years if you had any many word done terribly and lots of people gotten to got the sober so forth so i think similar thing will have been with facebook and i think that there are some trends in facebook numbers right now that should be of concern to investors namely the fact the company 's business is decelerating rapidly and already has incredibly high profit margins which means that it's hard for the profit margins to go much higher and then you have this major shift to mobile the facebook authority come out and admitted that they can't monetize mobile missing went to canada so those three things together should give anybody paused even if you think that facebook is contributed an amazing company in five to ten years so essays that i feel of the hundred billion.

Begat us to make i think they will i think that if you were getting early reports that are mixed about the reception but you won't get those and really what that is the potential buyers are playing the press and the bankers appointment prep will know at the end of the week where where prices and in terms of considering investment to me it's all about where the price is good that there is a level at which it would make no sense to vet the licensee you editor-in-chief the business insider stay with us from a henry douglas rushkoff author of program or the programs ten commands for digital digital age thanks to both of you i will and you out there how much would you bet on mark zetterberg twenty eight years old is he the right person to lead this company which would you invest eight seven seventy i think