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For Silicon Valley, Loebâs intervention in Yahoo has come at a pivotal time. Many people in Silicon Valley were highly dismissive of Loeb when he first got involved in one of their most storied Internet companies. Loebâs Yahoo adventure also occurred while Mark Zuckerberg, founder and CEO of Facebook, was taking his company public on Nasdaq, a move Zuckerberg delayed for years and tried to avoid because of his distrust of Wall Street and guys like Loeb. In the last year, however, Yahooâs stock has been a huge success while Facebookâs IPO has been a black eye for the company. Silicon Valleyâs leaders have long railed against New York hedge fund traders, but Loeb, who sat on Yahooâs board, has dented that narrative.