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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 a 36-year Silicon Valley veteran and one of the top technology financial analysts working today. That's because, as a consultant, senior adviser, and board member for Silicon Valley venture capital firms, Michael enjoys privileged access to pioneering CEOs, scientists, and high-profile players. And he brings this entire world of Silicon Valley "insiders" right to you...
- He was one of five people involved in early meetings for the $160 billion "cloud" computing phenomenon.
- He was there as Lee Iacocca and Roger Smith, the CEOs of Chrysler and GM, led the robotics revolution that saved the U.S. automotive industry.
- As cyber-security was becoming a focus of national security, Michael was with Dave DeWalt, the CEO of McAfee, right before Intel acquired his company for $7.8 billion.
This all means the entire world is constantly seeking Michael's insight.
In addition to being a regular guest and panelist on CNBC and Fox Business, he is also a Pulitzer Prize-nominated writer and reporter. His first book Overdrawn: The Bailout of American Savings warned people about the coming financial collapse - years before the word "bailout" became a household word.
Silicon Valley defense publications vie for his analysis. He's worked for Defense Media Network and Signal Magazine, as well as The New York Times, American Enterprise, and The Wall Street Journal.
Michael is 100% independent and receives absolutely no compensation from companies he writes about. His ideas are completely his own.
So, it probably goes without saying that you won't ever be left in the dark about breaking innovations, ahead-of-their-time technologies, and breakout companies on the cusp of changing the world once you join this world.