“ Betting on HTML5 and not go native quickly enough was the biggest strategic mistake we have made. … We are going to make a lot of money on mobile. Already now, FB mobile ads are better performing than FB desktop ads.
— Mark Zuckerberg at #TCdisrupt
But: the much rumoured Facebook phone “just doesn’t make sense”. Talking about Instagram, Zuckerberg mentioned the world’s biggest photo sharing app just crossed 100 million users. And this is only the beginning.
Zuckerberg also parted side with Benjamin Franklin, who was once quoted, that ‘It’s better to be a pessimist and pleasantly surprised than an optimist and constantly disappointed’. Zuckerberg admitted, he would rather fly under the radar and come out of the gate with unexpected great products than having to measuring up to the hype.
Being in the public eye, often caused a love-or-hate coverage of Facebook with either an overly optimistic or pessimistic tone, but rarely depicting reality. Zuckerbergs job is therefore to manage the mood and internal perception within the company to keep the balance. “At the moment, a lot of people probably underestimate Facebook,” he said.
Zuckerberg might need to take to the stage more often. This first 30-minute appearance after the IPO translated into $6.785 billion in additional market valuation for his company. FB shares finished up 6.2 per cent at $22 in regular trading session on Friday, showing some newly gained Wall Street confidence in the company.