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  • pre_zader pre_zader Sep 19, 2012 2:23 PM Flag

    Quote: Facebook’s Zuckerberg in Over His Hoodie: Bibb

    Facebook’s [FB 22.59 0.72 (+3.29%) ] prospects are lackluster at best, and CEO Mark Zuckerberg has shown little to prove otherwise, Porter Bibb of Media Tech Capital Partners said Wednesday on CNBC.
    “He did speak out for the first time since the IPO at TechDisrupt last week in San Francisco, but my feeling is Mark Zuckerberg is in over his hoodie,” he said on “Fast Money.” “Fifty percent of Facebook’s users are logging in from mobile devices. He has yet to come up with anything close to a model that monetizes mobile.”
    Bibb also criticized excitement over Zuckerberg’s announcement that the social media giant would enter the search business.
    “My advice to Mr. Zuckerberg is: Check with Steve Ballmer at Microsoft [MSFT 31.16 -0.015 (-0.05%) ] and ask him how much traction he’s developed for Bing. It ain’t very easy getting into the search business.”

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