Back to #435 Mark Zuckerberg's Empire, with David Senra.
Why Do People Keep Writing Mark Zuckerberg Off?
David Senra, reading Jeremy Stern's profile Mark, says Mark Zuckerberg is pronounced dead every few years even while his empire survives and keeps expanding. The same cycle covers the last 10 to 14 years of the company Zuckerberg created.
After the IPO in 2012, a mobile crisis left Facebook declared an overvalued website whose audience had moved to a platform it could not monetize. Zuckerberg was considered in over his hoodie and too immature to run a public company. Between 2013 and 2017, teens left in a mass exodus for Tumblr and then Snapchat, and Facebook was left to die as the next MySpace after Snapchat rejected a $3 billion acquisition offer.
The arc matches the biographies Senra reads each week: struggle, falling, failing, figuring it out, and building through unexpected turns. Zuckerberg is still in his early forties, the business is already built, and he is going to go down as one of the greatest entrepreneurs.