Wedbush Securities analyst Michael Pachter has a problem with the hoodie sported by Facebook co-founder and CEO Mark Zuckerberg. In an interview with Bloomberg (embedded above), he explains why the hoodie shows Zuckerberg is still immature.
Zuckerberg's hoodie has become somewhat of an icon for the young man. He is almost always spotted wearing one when he is in public. Most recently, he wore a hoodie for his company's IPO roadshow kickoff on Monday. He can also be seen wearing a hoddie in the IPO roadshow video released last week.
Here's the Pachter money quote:
Mark and his signature hoodie: I mean He's actually showing investors he doesn't care that much; he's going to be him, and he's going to do what he's always done. I think that's a mark of immaturity. I think that he has to realize 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.
Pachter then goes on to compare Mark Zuckerberg with Steve Jobs, but not because the late Apple co-founder and CEO had his own signature apparel: a black turtleneck. No, Pachter said Zuckerberg is like Jobs in that he's a genius who doesn't listen to anyone, but still runs his company brilliantly.
Oh, and Pachter also happens to be the first analyst to give the company a buy rating last week. If your biggest complaint about Zuckerberg seems to be his attire, the young Facebook CEO is clearly doing something right.
Frankly, if I were Zuckerberg, I wouldn't want money from an investor who cares about what I wear.
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