As Facebook settles to just over $20 and all kinds of problems emerge for the company as a result (chronicled here at length, including lock-up releases, tax issues, cash issues:�http://www.businessinsider.com/facebook-lockup-release-2012-8#ixzz22mj8cB6e) we keep coming back to the basics.
My 5 Questions, following up my earlier post Is #Facebook Doomed?
1. How do we value such an effort in terms that synch with Wall Street when all digital companies are fragile if wonderful things? (Answer: Dunno)
3. How can it be that our definitely “social” company shows less interest in social engagement (and diversity!) than almost any other on the planet, when it is probably the company most in need? (Answer: A Dreadful Mystery)
4. Why did Mark Zuckerberg and his buds, who claim serious social purposes for their enterprise (which I have no reason to doubt are genuinely held), not explore innovative financing and governance techniques instead of chanting IPO and setting up a governance structure that a C19th steel baron would admire? (Answer: A Curious Lack of Imagination?)
5. When will a major “social” effort decide to fund itself, in part at least, through subscriptions from its user base – with commensurate accountability – in place of the vortex of ads/analytics/privacy into which our premier social network is being sucked? (Answer: None too soon)