Facebook crumbles around its lonely king (via Tpoletti)
Mark Zuckerberg seems increasingly alone at the top of Facebook Inc., with executives streaming out the doors as he promises a new direction that seems antithetical to all he has said about the company’s plans for years.
Investors who may be unhappy with the continued chaos know their hands are tied even if they don’t agree with how Zuckerberg is ruling over his kingdom. Zuckerberg still controls about 60% of Facebook’s votes. The departure of a key lieutenant — longtime product chief Chris Cox — on top of the loss of the founders of Instagram and WhatsApp, signal growing internal turmoil, with a CEO more alone at the top.
There have been anecdotal reports about some Facebook employees looking for new jobs or not feeling comfortable giving dissenting opinions amid Zuckerberg’s tight control. In January, CNBC reported on the company’s cult-like culture and how the fear among some employees to give honest feedback may have contributed to the scandals that have enveloped the company.
The pressure to produce continued revenue growth as well as generate revenue at its other properties, Instagram and WhatsApp, even as user growth at Facebook declines, have led Zuckerberg to make some severe decisions. Those decisions could just lead to more controversies, however.
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