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Thread ID: 124992 2012-05-31 21:12:00 Zuckerberg’s Blues (Key of Bb) SurferJoe46 (51) PC World Chat
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1278745 2012-05-31 21:12:00 Poor Mikey . When it rains it pours on the guy! If it ain't one thing, it's sumpthin' else .


FROM::: Good Morning Silicon Valley (http://www . siliconvalley . com/)

Mark Zuckerberg’s rough week

By Mike Murphy

It ain’t easy being Facebook CEO Mark Zuckerberg:

Facebook stock continues to tumble since its ill-fated IPO two weeks ago . Shares are down more than 3 percent today, into the $27 range, down more than 28 percent from its IPO price . That’s knocked more than $5 billion off Zuckerberg’s net worth in the past two weeks, and bumped him from Bloomberg’s Billionaire Index of the world’s 40 richest people .

Just think, with that $5 billion he could have built his own Great Pyramid . Zuck can probably afford the drop in prestige though — he’s still worth somewhere in the range of $14 . 7 billion . (Make that $7 . 35 Billion - he's married now)

Meanwhile, the 14 . 7-Billion-Dollar-Man (sic - see above) is facing an international kerfuffle over his lack of a tip at a restaurant in Rome .

Now Zuckerberg, who is honeymooning in Italy with his wife, Priscilla Chan, is being called a cheapskate after not leaving a gratuity for a 32-euro (about $40) meal .

But don’t those crazy Europeans frown on tipping? Ehh, not so much these days — Fodor’s Italy travel guide recommends leaving a 10 percent tip, as does Conde Nast Traveler, though Lonely Planet notes that tipping is nice, but not obligatory . Hopefully he overtipped his cabbie to make up for it .

If that’s not enough, a British tabloid is also calling Zuckerberg cheap for only shelling out $25,000 or so for the engagement ring he gave to Chan .

The Mail makes a note of the “very simple” ruby ring and asks “What happened to three months’ salary, Mark?” In Zuck’s defense, while his salary will be about $600,000 this year, in 2013 it’ll drop to $1 a year , so saving now isn’t a bad idea .

And he did personally design the ring, which wins bonus points .

On top of all that, Zuckerberg and Facebook are being sued by investors, rumors of a Facebook smartphone are being mocked and Facebook is starting to be seen as uncool by tweens .

Man, it’s enough to make a guy want to hide his face in the hood of his sweatshirt .
SurferJoe46 (51)
1278746 2012-05-31 21:55:00 Here's a letter I got from Mark Zuckerberg 2 weeks ago.


A Letter from Mark Zuckerberg - About Facebook's IPO. On the eve of Facebook's IPO, Founder and CEO Mark Zuckerberg published the following letter to potential investors:

Dear Potential Investor:

For years, you've wasted your time on Facebook. Now here's your chance to waste your money on it, too. Tomorrow is Facebook's IPO, and I know what some of you are thinking. "How will Facebook be any different from the dot-com bubble of the early 2000's?"
For one thing, those bad dot-com stocks were all speculation and hype, and weren't based on real businesses. Facebook, on the other hand, is based on a solid foundation of angry birds and imaginary sheep. Second, Facebook is the most successful social network in the world, enabling millions to share information of no interest with people they barely know.

Third, every time someone clicks on a Facebook ad, Facebook makes money. And while no one has ever done this on purpose, millions have done it by mistake while drunk. We totally stole this idea from iTunes.

Finally, if you invest in Facebook, you'll be far from alone. As a result of using Facebook for the past few years, over 900 million people in the world have suffered mild to moderate brain damage, impairing their ability to make reasoned judgments. These will be your fellow Facebook investors.
With your help, if all goes as planned tomorrow, Facebook's IPO will net $100 billion. To put that number in context, it would take JP Morgan four or five trades to lose that much money.

One last thing: what will, I, Mark Zuckerberg, do with the $16 billion I'm expected to earn from Facebook's IPO? Well, I'm considering buying Greece, but that would still leave me with $16 billion. LOL.

Friend me,

Mark
rebels181 (14841)
1278747 2012-05-31 21:58:00 not tipping when you're that wealthy is a bit cheap. Can't see a problem with *only* shelling out $25,000 for a ring though. :) Nick G (16709)
1278748 2012-05-31 22:35:00 Farcebook is a privacy nightmare, who cares? Agent_24 (57)
1278749 2012-05-31 22:42:00 I know a few wealthy dudes, and they are not wealthy because they spend money. But yeah for this guy........
rebel, thats going in my joke pile :thumbs:
Gobe1 (6290)
1278750 2012-05-31 22:45:00 Farcebook is a privacy nightmare, who cares?
Not me yet. I'm considering selling my soul to facebook, a couple of groups I'm only use it as communication, are gradually moving away from email.
@rebels 181. Wrong, buying greece wouldn't leave him broke, but bailing them out would.
Nick G (16709)
1278751 2012-06-01 03:56:00 Give it another week and he'll probably be lining up at the dole line ... it's a ba$stard being poor ... SP8's (9836)
1278752 2012-06-01 04:12:00 Tipping is crap.
People are paid to do their job, customers pay the bills they are given. Its not up to us to supplement anyone's salary/wage whatever.
DeSade (984)
1278753 2012-06-01 04:23:00 "If that’s not enough, a British tabloid is also calling Zuckerberg cheap for only shelling out $25,000 or so for the engagement ring he gave to Chan. "

Ridiculous. What a waste of money.
Did it have diamonds? Those artificially inflated value common as dirt crystals?

I can think of plenty of better things to spend money on, rich or not, than this kind of pointlessness.
pctek (84)
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