https://nypost.com/2018/07/28/wall-street-finally-taught-zuckerberg-the-lesson-he-deserved/
This week Facebook CEO Mark Zuckerberg finally got the whack across the nose that many had hoped Congress would give him back in April.
The social-media giant’s stock price took a spectacular nose dive Thursday after the company forecast a slowdown in the rate of new user sign-ups. Analysts reckon Facebook’s limp response to the European Union’s recently enacted digital privacy laws also soured investors on its near-term financial future.
While Zuckerberg spent the first half of 2018 listening to but not really hearing complaints about how Facebook mishandles user data, it’s a good bet he’s listening now. All told, Thursday’s trading vaporized $119 billion of the Menlo Park, Calif., company’s market value. That’s roughly the equivalent of the gross domestic product of Kuwait.
Public patience with Zuckerberg’s often unconvincing — and at times duplicitous — statements about the heroic lengths Facebook goes to protect user data appears to have come to an end. A rolling tide of revelations this year about persistent privacy breaches has eviscerated Facebook’s credibility on the issue. People have been logging off in droves.–New York Post
Seth Coyne. Digital marketing expert, business coach
Book: Generous Wealth, How to make more money by giving it away and helping others
20% of the book’s profits go to help American military veterans that are paralyzed.
Available at Amazon and Barnes and Noble
Business can see greater success through generosity
You can get a copy here 9753.html
GENEROUS WEALTH: How To Make More Money By Giving It Away And By Helping Others, Seth Coyne includes real world examples of strategies that can help your business establish a reputation as a generous, helpful company that deserves the loyalty of its customers.
About the book:
“The unconventional “advertising” strategy that helped a store in Las Vegas gain national recognition and increase revenue by 400% in just a few years
A major reason why a popular media company is able to add $2.2 billion in annual profit
The secret that politicians like Donald Trump and Bernie Sanders understand… and what it means for your business
The advertising campaign that generated loads of goodwill for an energy drink brand while also raising $279,061.60 for charity”
The LOWE-Down!
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