From the networks, Gawker’s Valleywag tackles the resignation of founding FaceBook CEO Mark Zuckerberg who resigned from the company after a threesome of disastrous corporate decisions. The first nail in his corporate coffin was the revision of the FaceBook TOS debacle which angered so many users they flooded the site with negative publicity and everything in between. It even got the attention of lawmakers who informed them that the move as an utter disregard for their initial statement. The company revised their view of owning everything that was uploaded to their servers after, well, a ton of headaches, calls, email and some bottles of aspirin maybe.
His second blunder was the FaceBook page re-do, which was likened to having your hair done by a mechanic. The page looked uglier than ever and people started to express disgust at the new design prompting the company to do another round of re-makes. Talk about cost cutting and dumb decisions. The last nail in his corporate resume was the utter corporate chaos that was brought on by the kicking-out of CFO Gideon Yu, who by the way is part of the major WEB 2.0 systems YouTube and Yahoo. The move by the company resulted in utter chaos, disagreements on focus and direction of the company as a whole and as a business entity. Zuckerberg remarked that Yu chose his family over the hectic corporate lifestyle with nobody listening (well more of snickering to be exact at the truth behind his words). He is finally out and the company can now re-focus on a re-make of the whole site and business (Hmmmmm…… like President Obama and the Recession ??!!??) to repair the damage that has been done.
The events at FaceBook clearly shows how much impact the decisions of one man can make or break a well-loved company. Maybe now, they can re-focus on getting back their lost following, victims of ill-corporate wisdom that doesn’t quite work on the social internet.