“Our Mission and Our Business”
Is the answer that entrepreneur and Social Media mogul Mark Zuckerberg likes using a lot?
When Facebook came along, people went with it, migrating from then, social media giant MySpace, in masses, to escape those tacky, customisable profile pages, in the vilest selection of colours and photos imaginable, to the cleaner, mature locations of the clean cut Facebook.
So since going public in May, what has been said about the world’s largest social network company? It was announced by Zuckerberg on Tuesday 4 September 2012 that it shall reduce 101 million shares as a result of their stock market plunge, amid remarks that his company was never set up for profits anyway.
It is a big wake up call for a social media site whose value is in its users, earning revenues through selling space on its site to advertisers and selling users applications and gifts. Shares of Facebook set a new low of $17.55 Tuesday, before closing at $17.73 on Nasdaq.
The withdrawal is in an attempt to cover a $2billion (1 billon pound) tax bill. Removing shares could help safe guard the company’s long term goals and prevent all their share prices from a fall into oblivion with out the help from a Support Analyst.
“Coming out and showing that they’re being a little more active in supporting the stock is good for investors. These are the kinds of things they can do until the figure out how to better monetize the sites, to help alleviate some of the pressure on the stock,” said Baird & Co analyst Colin Sebastian.
Facebook IPO prospectus (released in May 2012) gave perspective on Facebook’s gallivanting to begin with. Facts from within the company profile would depict a decelerated growth, a user base in transition into mobile devices, production of less revenue, and the fact that Facebook’s CEO had emphasised too much power and control over the company. A company that was going public at 60 times the following years budget, in a hot-tech market, where Apple and Google were trading at less than 15 times.
It didn’t take much of an investor to predict that this was a bubble ready to burst and almost destined to fail. A surge of resemblance with a Colonel Dictator would not go amiss when picturing Chief Executive Mark Zuckerberg. With little expertise in battling with warships floated on the stock exchange, one leader has all power for deciding his empire’s destiny but has sunk his own fortunes at the cost of a military advance too far too soon.
It seems in these times of crippling losses it is once again up to you, the people to be his allies. So to all you wanting to keep hold of your most important assets in difficult times, bear this in mind, keep the propaganda ripe, strength is in the masses, get people using your site and keep the power!
Translation: Boost your website SEO and Marketing, get more users to your site, get them marching under your banner!
About the Author: Written by Edward Meeks of SoloLtd, business gifts Specialist Corporation