Tuesday, May 22, 2012

Growing Pains

Here is a quote which illustrates the capitalist mentality. It is, to be sure, by a journalist for CNet, Roger Cheng, who is presumably not a capitalist himself (else he would be wheelin-n-dealin rather than surfin-n-writin). But Mr. Cheng probably has his fingers on the pulse. The quote comes from an article reviewing Facebook’s lackluster performance yesterday (link) and ends by saying:

But with its business model still in flux and CEO Mark Zuckerberg's promise that the user will come first, perhaps it's a better bet to stay on the sidelines for now.

Zuckerberg’s grave sin, putting the users first, comes from his remark the morning FB went public when he said: “Our mission isn’t to be a public company. Our mission is to make the world more open and connected.” Zuckerberg is still young, isn’t he. He hasn’t drunk deep enough at the fountain of real wealth. The mission, Mark, is to make the stockholders happy. The public is just a means to that end. Write that down with a good ballpoint pen—right on your palm. 

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