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Mark Zuckerberg's attorney advises him to be humble during a deposition in a suit brought by his Harvard University classmates Cameron and Tyler Winklevoss, who feel they are entitled to a substantive share of Facebook.
But Zuckerberg can't help himself during this scene from the 2010 movie "The Social Network."
Instead of keeping his mouth shut – or at least staying humble – he delivers a blistering response to a legal question that pushes the arrogance meter deep into the red.
What a difference a decade or so makes…
If you just had to go on his image in "The Social Network," you'd think Zuckerberg is a total jerk.
Based on the early days of what eventually became Facebook Inc. (Nasdaq: FB), the movie portrayed Zuckerberg as not only brilliant – but also as an egomaniac with a talent for making enemies.
But during two crucial days of testimony on Capitol Hill in mid-April, the tech titan came across as smooth, confident, and straightforward. He answered a series of pointed questions with such aplomb that I couldn't help but sit and listen to his testimony and think, "Wow this guy is good."
I also thought, "Facebook stock is going to survive this bout of controversy just fine."
And now, after the top social network company's recent blowout first quarter, I've updated my Facebook share-price prediction…
A few years back – when Facebook was in the doghouse – I predicted it would double.
And it did.
Now Facebook is caught in a scandal and is in disfavor again.
But it's going to double again from here – and more quickly than you think.
Zuckerberg Grows Up
Perhaps being married and having two kids has mellowed him out. Or maybe the movie just overemphasized one facet of Zuckerberg's personality.
Fact is, the reality of how Zuckerberg behaves these days is much different than how he comes across in the movie.
I say that because before Zuckerberg went to Washington for two days of testimony on the misuse of Facebook user data during the 2016 election by a third party, I had a bad feeling. Frankly, I thought the billionaire wunderkind would get hoisted on his own petard.
Instead, he managed to run rings around some of the nation's more powerful politicians – but still come across as humble and polite. For the most part, he was also forthright.
Yes, I was surprised to hear him say it, but I believe he did the right thing in telling a U.S. Senate panel he was fine with facing more federal regulation.
Maybe he's looking at the same political scorecard I am – because I don't think he has anything to worry about regulation-wise in the near term.
With the midterm elections approaching, it will be difficult to get any type of legislation through Congress that cracks down on Facebook or other tech leaders.
But let's be clear on this. It was a make-or-break moment for Zuckerberg.
And he came out of it in great shape.
Then again, controversy is nothing new to this maverick leader.
To see what I mean, let's travel back in time to a report I posted in Strategic Tech Investor back in March 2014…
"The Last Laugh"
At the time, Zuckerberg had become a Wall Street laughingstock after paying $19 billion for WhatsApp. That 5-year-old startup had just $20 million in sales and a mere 55 employees.
But here's what I said: "Zuckerberg will have the last laugh here. And if you follow my recommendation… so will you."
It was a bold call. Wall Street hated the stock at the time, and it was in the tank.
However, I looked at the numbers and calculated that Facebook stock would roughly double in price to about $140 in as little as 2.5 years.
I was a little off. Almost three years to the day after that report, on March 20, 2017, folks who took advantage of my initial call had doubled their money.
And from there, they went on to reach peak gains of 186%.
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And now here we are, in a similar situation.
But while Facebook does face some political and scandal-related headwinds, it is in terrific financial shape.
Take a look…
About the Author
Michael A. Robinson is one of the top financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a prescient look at the anatomy of the nation's S&L crisis, long before the word "bailout" became part of our daily lexicon. He's a Pulitzer Prize-nominated writer and reporter, lauded by the Columbia Journalism Review for his aggressive style. His 30-year track record as a leading tech analyst has garnered him rave reviews, too. Today he is the editor of the monthly tech investing newsletter Nova-X Report as well as Radical Technology Profits, where he covers truly radical technologies – ones that have the power to sweep across the globe and change the very fabric of our lives – and profit opportunities they give rise to. He also explores "what's next" in the tech investing world at Strategic Tech Investor.