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.”
Search isn't the place for Facebook. I don't think he can monetize mobile. He needs to look to future tech. Check out Japan for what's coming to the states in the next few years, mainly paying by cell phone and NFC. If Zuckerburg can get in on that, it will live up to the potential that the muppets think it has.
Then he said he likes RENN because it's the Chinese Facebook. Hello? Who is in over his hoodie? ROFL! These so called ANALyst just like talking their books.
Bibb took shots at Groupon [GRPN 5.27 0.58 (+12.37%) ], and he weighed in on Chinese social media names: “I really like RenRen [RENN 4.31 0.31 (+7.75%) ],” which Bibb called “the Facebook of China,” and Sina [SINA 67.56 1.28 (+1.93%) ], owner of “Twitter clone” Weibo.