Can Facebook pursue a social mission and go public at the same time?
February 8, 2012
Mark Zuckerberg says Facebook is about more than making money – it has a 'social mission to make the world more open and connected.' Are the two goals compatible?
“I would suspect that Mark Zuckerberg could say whatever he wants, but he’s probably still going to find that Wall Street is going to influence how he runs his company,” said Danny Sullivan, an expert on the industry and editor of the web site Search Engine Land. Tom Foremski, a former FT journalist and blogger, called it a “vague” social mission without an outline of how the company would use some of its profits for social impact, either through a foundation or some other charitable organization.
Can Facebook pursue a social mission and go public at the same time?