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Mark Zuckerberg is still derailing Facebook - according to a Harvard expert

 Mark Zuckerberg is still derailing Facebook, according to a Harvard expert

Mark Zuckerberg is still derailing Facebook, according to a Harvard expert
Mark Zuckerberg is still derailing Facebook

Mark Zuckerberg continues to derail facebook

He really has lost his way?

Mark Zuckerberg's poor leadership skills are slowly leading Meta to ruin, a Harvard expert says.

medical technology company

Zuckerberg's shortcomings as CEO linger in "derailing" the tech giant formerly known as Facebook and now Meta, according to tech founder Bill George's company Medtronic.✴️

  • "I don't think Facebook is going to continue to do well and securely," George told CNBC Make It, which may be one of the reasons so many people are turning away from the company. He's really lost his way."

Zuckerberg was not responding or taking the matter seriously without immediately responding to CNBC Make It's request for comment. The Meta CEO is largely responsible for the meteoric growth of his company, which he co-founded in 2004 and has become a tech giant with a market capitalization of $450.46 billion as of Monday morning.

Zuckerberg - A rationalizer who blames others:

It is said that Zuckerberg does not fall into only one category, 

but rather three categories:

First, George says Zuckerberg is a rationalizer, meaning a boss who is unwilling to admit or learn from their mistakes.  

In February, Meta lost more than $232 billion in market value - the largest one-day loss of a U.S. stock in history. Zuckerberg and his executives blamed several factors, including Apple's privacy changes in 2021, which will make it harder to target ads to smartphone users, and increasing competition from rivals like TikTok.

Second, those factors may have played a role - but it's also likely that Metaverse's heavy spending on research and development played a role. 

Finally, Meta's virtual reality division lost more than $10 billion in 2021 alone and $2.8 billion in the second quarter of 2022 alone.

Mark Zuckerberg - An outsider who does not take advice:

Zuckerberg has become a maverick who avoids forming close relationships and pushes others away, George says. Such bosses often do not accept help, advice or feedback, making them prone to making mistakes.

Zuckerberg is known for trusting his gut more than conventional wisdom: that's how he turned Meta into a billion-dollar tech giant. With that said, he took at least some tips from trusted advisors in the early days.

1- Case in point: Roger McNamee, the co-founder of private equity firm Elevation Partners and an early investor in Facebook. In 2006, McNamee texted Zuckerberg to reject any offer Yahoo might make to buy Facebook for $1 billion.

2- McNamee later encouraged Zuckerberg to hire former COO Sheryl Sandberg, who eventually played a critical role in building the company's advertising business and internal operations.

Zuckerberg A celebrity who puts profit:

After all, Zuckerberg is a fame-seeker who cares more about fame and fortune than anything else, George says. These types of bosses are never truly satisfied with what they have and are willing to go to extremes to achieve more.

For Zuckerberg, Meta's profits and growth come first, even at the expense of the company's billions of users, George says.

  • That's not a unique observation: Zuckerberg's company has long been embroiled in controversies over privacy issues and the health of its users.

Last year, for example, a Wall Street Journal investigation found that Instagram, the platform owned by Meta, was contributing to mental health problems among its users, particularly teenage girls. The investigation found that Meta's leadership actively ignored the problem so as not to jeopardize user engagement and growth.

That decision points to Zuckerberg's desire to prioritize revenue over everything else, George said.

George's advice to Zuckerberg to get back on track: Take time off from work and reset your brain.

Mark Zuckerberg is still derailing Facebook, according to a Harvard expert. together in a retreat to redesign Facebook based on its new mission and values.


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