And for his next trick, Mark Zuckerberg will boost the size of Facebook’s 1,000-person staff by as much as 50 percent this year while trying to stay in start-up mode and reach positive cash flow next year.
During an interview with Bloomberg News, at least the published part, Zuckerberg almost sounds like a public company CEO bragging about running a lean ship to make investors and analysts feel better about prospects in tough times. Facebook claims more than 250 million registered users globally but, like Google’s YouTube, has yet to convert all of that to the kind of revenue needed for a company with $600-plus million in funding and a $10 billion funding-based valuation. Installing your own cable to save money doesn’t mean you can make money — well, make enough money.
– Concrete status symbol: The Facebook CEO’s start-up status symbol: a massive cement-floored HQ in Palo Alto. Zuckerberg told Bloomberg News he wants his staff to remember “we