Facebook's Biggest Problem: Mobile
NEW YORK (TheStreet) -- Reading The New York Times and The Wall Street Journal this past weekend, you would have thought that the biggest issue facing Facebook(FB_) is whether it should stay listed on Nasdaq or move to the New York Stock Exchange.
This issue is a total sideshow, and I would fear for the company if CEO Mark Zuckerberg was spending any time thinking about it.
No, the big issue dogging Facebook these days is the shift to mobile from the desktop.
Many speculate this shift happened much faster in the second quarter than anyone had expected, and that it was responsible for the reduced guidance in the days before Facebook's initial public offering that spooked big institutional investors and hammered the stock.
Read the full post on TheStreet
