Facebook Inc (FB): Theglobe.com Co-founder Shares His Views

Theglobe.com was a poster boy of the internet boom of the late 90’s; it was one of the earliest sites dedicated to what we know today as ‘social networking’. Now the website is defunct and what is left out of it is just a shell company. Even though, theglobe.com operated in a completely different era that that of Facebook Inc (NASDAQ:FB), perhaps Facebook Inc (NASDAQ:FB) can learn a thing or two from its success and debacle.

Facebook Inc (NASDAQ:FB)

Stephan Paternot, Co-founder, Theglobe.com discussed his views on Facebook Inc (NASDAQ:FB) and Mark Zuckerberg’s leadership on CNBC.

“I have congratulated him [Mark Zuckerberg], every single time I have been invited on any segment. I even posted on his  own Facebook wall the congratulations, but I also put up a warning that when you go public, you are going through an irreversible process. Which is that everyone will start judging you on a quarterly basis and it becomes harder and harder to really make long term bets and big bold moves,” Paternot said.

However, Paternot feels that Mark Zuckerberg has made some bold moves even after Facebook Inc (NASDAQ:FB) went public. He cited the acquisition of Oculus and the acquisition of WhatsApp as examples to prove that Mark Zuckerberg does not focus on the short term but is instead thinking about the future.

“He [Mark Zuckerberg] has completely validated, what we were trying to do in the late nineties. Which was proved that, the big revolution with the Internet is that now you could live online, you could have a social network online and that was the true transformation. It was person to person interaction and we made a dent but they really sort of busted through and changed it for everybody,” Paternot added.

Disclosure: None

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!