Post in haste; repent at leisure. That might be the moral of our age, when mistakes we make online—or records of our mistakes noted by others online—stick around to haunt us forever.
If you’re a CEO, must you greet and tweet?
Evidently, many think not. The Wall Street Journal reported recently that most executives “have generally steered clear of social media even as their companies have embraced it to commune with customers and pursue new business.”
Facebook stock has had its troubles lately, so much so that gleeful radio commentator Sandra Tsing Loh has coined the term “plungenfreude” to describe her sentiments.
Now David Frum has weighed in with a provocative column for CNN. Frum contends that Facebook has, like so many businesses today, chosen to try to be a good investment rather than a good company. In the process, it has cut ethical corners.
Frum makes several points in the course of his argument, but we wanted to focus on one passage in particular. What’s riskiest for Facebook, in Frum’s view, is that it’s trying out a lot of questionable ways to justify a high share price.…