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Facebook IPO. No pop equals a flop?

Welcome to the irrational world of public markets, says Silicon Valley blog Pandodaily, commenting on greedhead NY banker mentality vs. Silicon Valley, where companies like Facebook take a long-term focus and are genuinely concerned with creating value.

Facebook, more than any Web 2.0 company, doesn’t give a crap what others think. It doesn’t have to. Zuckerberg has played the Howard Roark role for years, refusing to replace himself with a corporate CEO, refusing to give up his controlling stake and board votes, refusing to compromise his vision for short term revenue rewards.

This helps explains the pissy attitude of the banksters towards Zuckerberg wearing hoodies. He’s just not properly deferential towards their assumed awesomeness, is he? And that’s a good thing.

  • I think it was the wrong thing to do, but we’ll have to see what happens.

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