Facebook’s Ambition Collides With Harsh Market

By Somini Sengupta, The New York Times:

Inside Facebook’s headquarters, a red-and-white poster affixed to a wall asks bluntly: “What Could Go Wrong?”

Below, in black ink, someone has scrawled in tiny letters: “Everything.”

The poster, one of several displayed across this sprawling campus, is part of the company’s risk-taking start-up culture, as is the fact that management has not pulled down the defaced copy. But as the company loses its luster on Wall Street, this exchange on the wall points to the improbable turn that Facebook’s fairy tale has taken.

Once hailed as the most valuable technology company to hit Wall Street, Facebook is now worth just over half what it was three months ago, with shares closing at $20.01 Monday. Wall Street analysts are openly wondering whether its chief executive, Mark Zuckerberg, has the business skills to deliver on his promises… Read more

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