Elgan: Facebook's Summer of Fail

04.08.2012
Remember when Facebook was the ? When all the attention and traffic and users were headed in droves to it? When founder and CEO Mark Zuckerberg was anointed as the new Steve Jobs?

Neither do I.

Facebook's Summer of Fail has shortened memories about the good times for Facebook, and focused attention on an uncertain future.

It all started with Facebook's clumsy attempt to become a public company.

, as they called Zuckerberg's "road show," in which some investors concluded that the CEO was too arrogant to be trusted, got Facebook's long-anticipated IPO off to a bad start.