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Zuckerberg was Warned to Avoid Being Manipulated by Shareholders by Elizabeth Emma





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Zuckerberg was Warned to Avoid Being Manipulated by Shareholders by
Article Posted: 05/16/2012
Article Views: 43
Articles Written: 763
Word Count: 427
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Zuckerberg was Warned to Avoid Being Manipulated by Shareholders


 
Business
The initial public offering (IPO) of social networking giant Facebook has entered the countdown stage. Apple co-founder Steve Wozniak has warned Facebook CEO Mark Zuckerberg that, he must stick to his own standards and cannot be manipulated by the shareholders.

Facebook is expected to be traded at the NASDAQ Stock Exchange on the 18th this month, but the ultimate time is not yet determined.

The issue price of Facebook will be between 28 and 35 U.S. dollars, and its market value will reach 70-87.5 billion U.S. dollars. However, according to the report of Wall Street Journal, the issue price of Facebook has been raised to 34-38 U.S. dollars.

Apple was publicly listed in 1980. Wozniak, who is visiting Australia, said, how to cope with the requirements of the shareholders is a very severe lesson.

When he accepted the Financial Review of Australia, he said: “Soon, there will be shareholders instigate the company where to go, and they ask to get an answer. If things cannot meet their wishes, they will very unhappy.”

He said: “Once a company has a public offering, Zuckerberg will soon be constrained by the shareholders. This is what he should be worried about as well as he must pay attention to. But I think that Zuckerberg has enough concentration to stick to the things he has been doing. And I sincerely hope that things can proceed smoothly.”

However, not everyone agrees with the listing of Facebook.

Some analysts worried that Zuckerberg must pay more attention to how to adhere the bottom line when comparing to his wishes, because he has made Facebook become so influential. Wozniak also admitted that he had the happiest time before Apple is publicly traded.

Wozniak said: “In the past, Steve Jobs and I made decisions on the basis of purely wanting to make a better product rather than to curry favor with shareholders.”

However, Wozniak said he wanted to have Facebook’s shares. He said: “I really appreciate Zuckerberg. I think he is able to think like the young people with ideals and to make a decision under the standard of right and wrong he thinks. He values whether everyone can use Facebook, and he is also concerned about what Facebook can bring to users in return. As for money, he pays little attention to it.”

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Related Articles - Manipulate, shareholder, issue price, public offering, wish, Facebook,

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