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Mark Zuckerberg's advice on IPO's

2013-09-12
through the whole thing and you had your you know some pretty rough times but everything's great now what's your advice to them as they consider this process see that that's funny on its surface because I'm kind of like the least the person you would want to ask last how to make a smooth IPO but you know it's seriously um it's it it's actually a valuable process so you know haven't gone through what I think most people would characterize as an extremely extremely turbulent first year as a public company I can i can tell you I actually don't think it's that bad you know I was really heartened by the fact that and I was really worried that you know people would leave the company and people would get really demoralized when the stock price was down but people are really focused on the mission and really believe in the products that they're working on and we haven't seen a lot of that I actually think that it's made our company a lot stronger because the process of going leading up to going public you have to know everything about your company and kind of inside out have everything instrumented and I always thought we were a very data driven company but I mean the work that ebers men and crew did to make to get us ready to be public really took this to the next level and I'm we run our company a lot better now so I mean in retrospect I think I was too afraid of going public and I i think you know I've been very outspoken about staying private for as long as possible I don't think it's that necessary to do that and um you know you just got to stay focused on doing doing the right stuff and you know sometimes it might take the market a little while to catch up and see the results of what you're doing I when I remember last year when we were here I was kind of laying out what we were planning on doing on mobile and everyone thought that mobile was this disastrous thing for facebook I mean last year I'm second quarter we we had basically no money on no revenue on mobile and now I mean it's in our last you know our last quarter a year later rhythm or than forty percent of our revenue is mobile and you know when people think that you know there's there's more competition on mobile there's more great apps you know people spend on on desktop one in seven minutes with facebook I've kind of all their time on the web and on mobile it's more it's um it's it's one in five you know according to comscore notes around twenty percent in the next biggest staff is Instagram so you know we're we've focused on unkind of doing what we think are the right things and and we're growing we're connecting more folks people are engaging more sharing more content you know all the stuff that we just come in and get excited about every day so I think you know as long as Twitter and I mean this goes for all these private companies that are thinking about when they want to go private as long as they kind of focus on what they're doing then I think it's wonderful
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