With one of the largest initial public offerings in history set to take place this week, why are we focused on a hoodie?
Mark Zuckerberg, CEO of Facebook, showed up last week on his first stop of the Facebook public offering road show in *gasp in horror* a black hoodie. Critics from Wall Street to Silicon Valley are commenting on his hoodie. Some investors suggested Zuckerberg step aside and that his hoodie showed signs of immaturity, Shel Israel noted in his article, “Does Zuckerberg’s Hoodie Matter?”
A New York Times writer, Somini Sengupta, discussed “hoodiegate” and referenced the Twitter hashtag #zuckerbergshoodie in his piece, “Why Is Everyone Focused on Zuckerberg’s Hoodie?” Those in Zuckerberg’s defense have said that it is a sign of his youthful confidence, not immaturity.
Whether or not Zuckerberg meant disrespect to the suits on Wall Street with the hoodie will not determine the success of Facebook’s historical IPO. Let’s face it, a bunch of suits on Wall Street just lost $2 billion! Love him or hate him, if Zuckerberg showed up in a suit there would have been backlash as well. Regardless, he is set to make some serious cash on Friday when it is rumored that they may or may not go public. Maybe then he can buy a few more hoodies.
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