I'm surprised with how many comments here are focusing on Zuck and not the market play for Facebook.
I've worked at large companies that claim to be innovative. More often than not, short-term demands made by Wall Street guide business decisions in increasingly poor ways (reducing employee benefits, stymieing R&D, etc.)
This announcement obviously helps Zuckerberg personally, but it does also provide a signal to the market for Facebook's direction.
I've worked at large companies that claim to be innovative. More often than not, short-term demands made by Wall Street guide business decisions in increasingly poor ways (reducing employee benefits, stymieing R&D, etc.)
This announcement obviously helps Zuckerberg personally, but it does also provide a signal to the market for Facebook's direction.