I'm starting to doubt. Still think it's a buy, bu clearly Zuck seems happy to have FB stock ridiculed and depressed while management fiddle away in the near term. It's one thing to pursue and idealistic mission and not appease shareholders, it's quite another to be willfully blind or arbitrarily try to annoy wall street.
Sometime soon, Zuck needs to give some direct positive commercial revenue guidance, or make a purchase that makes sense in short term competitiveness. Institutional antipathy is starting to get solidified.
Why not partner or purchase REN or MWW or competitive sites, or other sites that will at least give some eCommerce credibility in the short run? Morale needs to remain high before and after Zuck starts to sell or donate shares, and so far, I'm skeptical.
I hope you're right about April. Given the IPO, and the history involved, and the resentment of FB all around us, I think FB should try to rightsize up the price to $33 over the next month. Sandberg needs to let Zuck know that good guidance isn't antithetical to the lofty FB mission he is trying to accomplish.
Sentiment: Buy