Wednesday, April 01, 2009

Facebook Loses Face of Finance

Facebook's CFO, digital media veteran Gideon Yu, is no longer with the company.  No reason was given for his departure.  But, investors are anxious.  Despite rapid growth -- everyone I know has a Facebook profile -- CEO Mark Zuckerberg's long-term plans are unclear to sustain that growth and provide a liquidity event for investors.  The Wall Street Journal today speculates that Yu's departure may signal preparation for an IPO.  In any event, it isn't as if Facebook doesn't have a myriad of options that should put a smile on investors' faces.  The only question is "when", especially when virtually every investor is in need of liquidity.