Here’s Why Facebook Is Worth $100 Billion
Over at Glassdoor.com, Facebook (NASDAQ:FB) founder and CEO Mark Zuckerberg has an astounding approval rating of 97 percent. The company, with headquarters in Menlo Park, California, was named the No. 1 best place to work in a 2013 Glassdoor report, edging out notorious awesome workplace-provider Google (NASDAQ:GOOG); co-founder and CEO Larry Page comes up short with a 95 percent approval rating.
At a glance, the feat may seem superficial, but attracting, retaining, and fostering the best tech talent from around the world is what keeps thriving Internet and technology companies great. More so than nearly any other sector, the ability of a technology company to sink or swim is directly related to its ability to innovate and make new, untested things work in a rapidly changing and highly competitive environment.
This doesn’t just mean having the right vision — something that Zuckerberg has on lockdown — but having the human capital like talent, skill, dedication, etc. to make it happen. An all-star executive team can’t right a ship by itself any better than Captain Nemo could sail the Nautilus single-handedly.
So when a company like Facebook breaks a market cap of $100 billion and joins a relatively small pantheon of technology companies at the top of the pile, the market is making a bet not just on Zuckerberg but on his crew, too.