Mark Zuckerberg Takes Beating On Wall Street, Other NYC Streets

By David Cohen 

It’s been a rough week thus far for Facebook Co-Founder and CEO Mark Zuckerberg, as Portfolio Chief Investment Officer Lee Munson called for new leadership at the social network, while posters depicting a beaten-up Zuckerberg started appearing around New York.

Yahoo Finance’s Breakout blog reported that Munson believes Zuckerberg has become too distracted, and he would like to see Chief Operating Officer Sheryl Sandberg run the company. The Rigged Money author told Breakout:

I don’t think Zuckerberg really should be running the company. I think that it would be great if he had (the title of) chairman emeritus, and he could go off and take some of his own money and invest. I don’t think he should be CEO at this point.

Remember when Google came out — that’s less than 10 years ago — it did a lot of crazy stuff that we forget about? I think Facebook is only alive because people think, “Well, Google did a lot of crazy things, it worked out. Is Facebook doing a lot of crazy things, and will it work out, too?” I don’t think so in this case.

(Facebook ads are) sort of a watered-down version of Google, but in the end, if I’m going to spend money, I’m not going to be giving any money to Facebook. We tried that experiment for a few months. If I’m going to spend SEO (search-engine-optimization) dollars, I’m going to do it with Google or some other service.

Meanwhile, Gizmodo reported that New York graffiti artist Katsu is behind the posters that have been appearing in various parts of the city, depicting a beaten-up Zuckerberg. Katsu told Gizmodo via email:

With the Internet being literally woven into the human experience, I cannot stand by and not voice my discontent with those who plan on owning our lives. I’m upset and confused. I want the ability for people to permanently remove their information from Facebook … that is not possible. I want Facebook to adequately explain to all users the extent to which their data will be farmed out and shared.

Mark is Mark. He’s this mutation, this gross aspiration everyone idolizes. His face has reach. He deserves to be ridiculed. We’re at the fork in the road with the Web. It is being understood as a fundamental part of our evolution as a species. There are some who are fighting to protect privacy, anonymity, and freedom, and those who are trying to control, monitor, and make profits. I want to let people know my beliefs.

So far, Katsu’s artwork has surfaced on the Lower East Side, in other areas of Lower Manhattan, in Chelsea, and in Brooklyn’s Williamsburg.

Readers: Do you think the criticisms of Zuckerberg are justified, a little harsh, or just part of being the face of an iconic company?

Images courtesy of Gizmodo.