Pachter delivered what probably is the standard line of thinking from Wall Street and investors:
“Mark and his signature hoodie: He’s actually showing investors he doesn’t care that much; he’s going to be him. I think that’s a mark of immaturity. I think that he has to realise he’s bringing investors in as a new constituency right now, and I think he’s got to show them the respect that they deserve because he’s asking them for their money.”
Kara Swisher of All Things D called Pachter a “doofus.”
Box CEO Aaron Levie had some fun with it on Twitter pointing out, “After Facebook hit $1B in profits, you’d think investors would start demanding Zuck wear a hoodie.” He followed that up with, “Yahoo CEO: No hoodie; AOL CEO: No hoodie; Facebook CEO: hoodie. Coincidence?”
In the comments of the Bloomberg post, angel investor Dave McClure savaged Pachter saying, “what a complete douchebag. like a goddamn hoodie matters as much as the product, the market, or their business. Zuck could wear his tighty-fucking-whities to work and as long as he keeps delivering i’ll take him over some lying sack of shit trying to pull a fast one on me by wearing a nice-looking suit.”
Pachter also said, “I’m not sure [Zuckerberg] is the right guy to run a corporation.” He should be the chief product officer in Pachter’s opinion.
Despite his scepticism about Zuckerberg, he’s bullish on Facebook and has a $44 price target on the stock.
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