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Mark Zuckerberg Discusses Mobile, IPO, Search and Facebook’s Future (AllFacebook)
At TechCrunch’s Disrupt SF event in San Francisco Tuesday, Facebook CEO and co-Founder Mark Zuckerberg — dressed in a grey shirt, jeans and tennis shoes — kept a happy tone as he discussed his company’s focus on mobile, the brain drain, its initial public offering, search and his vision for the future. This was Zuckerberg’s first public address since Facebook’s IPO in May. AP He emphasized that Facebook cared about making money as well as pursuing his mission to make the world a “more open and connected place.” Zuckerberg also repeated his belief that the company would figure out numerous ways to profit from the growing number of its 955 million worldwide users who visit the social network through mobile applications instead of Web browsers on desktop computers. ZDNET Zuckerberg identified what he called Facebook’s biggest strategic mistake in the last few years: “The biggest mistake we made as a company was betting too much on HTML5 rather than native.” A large portion of the audience seemed to be in accord with Zuckerberg on this one (or at least fans of native apps) as his ensuing explanation garnered a bit of applause. San Francisco Chronicle One rumor that has echoed for two years is that Facebook is building its own smartphone, but Zuckerberg said that as juicy as those reports may sound, they are off base. “It’s so clearly the wrong strategy for us,” he said. The New York Times/Bits Blog Zuckerberg’s remarks seemed to have a positive effect; immediately after he spoke, Facebook shares rose about 3 percent in after-hours trading. Still, Facebook shares are now worth roughly half of the public offering price, and Zuckerberg is under intense pressure to restore its credibility among investors, a problem he acknowledged. continued…
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