VIDEO: Zuckerberg Talks Facebook's Future, Mistakes, IPO at TechCrunch Disrupt SF

Gregory September 11, 2012 at 10:37 pm

You dont buy stock in a man. You invest in a company, in a team's capability to make you money.

Andrew Boone September 13, 2012 at 06:52 am

Mark Zuckerberg's vision of the future is interesting.
At the very end of this interview, he said "When we look back 10 to 20 years from now, the legacy of this company should be, that we've connected everyone in the world, and that everyone can share all the stuff that they want..." I was long skeptical of the idea that Facebook could make our lives better, but within the last year have definitely changed my mind, as I've used it much more to organize and lead bike party rides (which obviously make life better). Facebook does allow a greater level of interaction between the participants in a given community (the bicycling community, in my case) than was possible before. Organizing and participating in community events (such as bike rides) really has been facilitated by Facebook, because messages, photos, and videos are instantly sent to all the members of the community - easier and more efficiently than any other tool I've used before (such as email, an online forum, a blog, or a wiki website, and including other social network sites). So now I'm more open-minded, and curious to see what Facebook comes up with in the future.

Claudia Cruz September 13, 2012 at 12:10 pm

You are on to something ... Facebook is building a platform from where they hope users do everything ... is that worth something to advertisers? Will they give money to FB to make that possible?

Claudia Cruz September 13, 2012 at 12:11 pm

Andrew, I agree that FB connects--BIG TIME!

Cathy P. September 13, 2012 at 12:19 pm

What this article doesn't point out is that as FB becomes a publicly traded company it becomes more dependent on profits and will continue to become more commercialized. Doesn't anyone else think that that will alienate people more than draw them in? I hate the pop ups and pictures that I accidently cursor across that take up the whole page. FB - a company that produces nothing - is worth over $100 billion because of its advertising prospects. Social Networking needs to evolve into something else, and FB will need to be in the front for whatever the next phase is.

Andrew Peceimer September 13, 2012 at 02:30 pm

So Cathy how do the employees get paid?

Cathy P. September 13, 2012 at 06:37 pm

@Andrew: a substantial majority of their income comes from advertising of course, I didn't mean to imply it didn't and I think at least 12% comes from their partnership with Zynga (I think it's higher than that). I read that Facebook said it made $3.71 billion last year, so almost $500 million of that came from Zynga and even that seems low to me. Employees are also paid from revenues from advertising as well as payments and fees from business development transactions and mobile providers. I'm not pretending to be an expert on this subject and could very well be wrong. What I was saying is the the ads are becoming more and more annoying and if Facebook doesn't actually produce (a product) something like Google did with Chrome, Gmail, Checkout, Google Maps, etc., they very well may become just a memory in the future.

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