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Mark Zuckerberg heralds mobile as key to Facebook’s success

Confident speech sees firm's stock bounce back
Wed Sep 12 2012, 09:53
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FACEBOOK FOUNDER Mark Zuckerberg has heralded mobile as the key to Facebook's future success during his first interview since the social network's poor stock market debut.

Speaking at the Techcrunch Disrupt conference in San Francisco on Tuesday, Zuckerberg openly admitted that the performance of his company's stock had been disappointing, but promised that Facebook's mobile performance would see the company bounce back.

A hoodie-less Zuckerberg said that the company wasted two years relying on HTML5 instead of focusing on mobile app options, admitting, "We burned two years not working on mobile."

"It is really clear from the stats and my own personal intuition that a lot of energy in the ecosystem is going to mobile, not desktop," Zuckerberg said. "Now we are a mobile company and all the code is being written in mobile, on mobile we are going to make a lot more money than on desktop."

"That is the future," he added, "We are going to be doing killer stuff there."

That doesn't mean that Facebook will be releasing its own mobile phone any time soon though, as Zuckerberg went on to slam rumours that the firm was plotting to enter the hardware business.

"It's a juicy thing to say we're building a phone, which is why people want to write about it. But it's so clearly the wrong strategy for us," he said.

Following Zuckerberg's confident interview, Facebook's share price rose 3.3 percent to above $20. µ

 

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