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The face burqa down more than 40% from its much anticipated IPO but marketshare isn't the only thing the company is losing -- -- significant brain drain of the social network.
Joining me now is Greg Sterling senior analyst for opus research and a well Greg thank you for being here I guess these departures come at a critical time for FaceBook -- Should this be a worry for investors.
Well it plainly is a worry for investors I think there's number of problems kind of coinciding for FaceBook and and the loss of several high profile executives is one of them that contributes to perception that the company is really in trouble.
What's the biggest.
I guess defect TV -- -- put it that way to date.
Brett Taylor this CTO and I think that he he said in his departure statement that he'd always planned to leave.
And that Mark Zuckerberg and CEO was well aware this and you know so shortly after the IPO he.
He left I guess having felt that he had done what he had come to do but he's definitely the the biggest and most high profile departure so far.
It's not that unusual I guess offer an IPO people you know -- these employees they think that money and leave but how could impact.
And innovation and leadership in particular.
Well I think it that much of the concern that -- and including among investors is really psychological face FaceBook has a a large number of employees and or what might be called a deep bench there's a lot of very talented people who who are there they're not in trouble in terms of innovation.
I think that really it's it's perceptual more than than anything else but they do have to.
You know they do have to retain people they do have to create a sense of the companies moving forward and not in decline.
Yeah -- doesn't appear at a Mark Zuckerberg is scrambling to find people from the outside which should be somewhat comforting right.
I think so mean as -- said there's that there are lots and lots of talented people I don't know -- in the the total headcount to right now but they have.
Many people to draw from and I don't think there's any shortage of talent there at the at the moment.
They think the stock price could be under pressure -- -- the shares coming to the market.
As -- -- well absolutely certainly the the sale of of the -- the lock -- period is gonna release a bunch of shares into the market and that's not a good thing for idea for the stock price.
Greg Sterling of opus research thank you so much for joining us to they really --
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