Technology

Zuckerberg Says Facebook IPO Was Disappointing

It looks like there’s a dark cloud looming above Facebook these past few days and the CEO’s recent statement doesn’t seem to hint there’s going to be clear skies too soon. The CEO himself, Mark Zuckerberg says Facebook IPO was disappointing.

It’s obvious the future doesn’t look all that good for Facebook’s revenues. The IPO disaster sparked a scandal that’s obviously not going to go somewhere good. Facebook’s CEO is finally doing some disaster management. From the looks it, although the IPO was disappointing there’s hope for better. And a sort of Facebook rebirth was planned out.

Facebook’s Zuckerberg says it’s not the first time or the last his company had a bad time. “Facebook has not been an uncontroversial company in the past; it’s not like this is the first up and down we’ve had” confessed Zuckerberg.

First things first: Facebook is going mobile. And no, don’t listen to the rumors saying that they’re going to launch a Facebook phone. In fact it was the Facebook CEO himself who busted the Facebook Smart phone rumor at the TechChurch conference, admitting that it wouldn’t be the right move for them to make.

“It’s so clearly the wrong strategy for us,” he said. Facebook has 950 million users, he said. Even if 20 million people bought a Facebook phone, that would “barely move the needle” in terms of serving its audience.

It’s about developing new apps, bigger and better, more suitable for mobile users. Or well that’s what Zuckerberg told the audience at the TechChurch conference in San Francisco.

“We already see mobile users are more likely to be daily active users,” the Facebook CEO said. “We think we’re going to make more money on mobile than on the desktop” Zuckerberg added of the company’s plans for the future. Just a bit too late?!

More than that, Facebook is planning to start a “search engine” war with Google, the world’s biggest search engine service provider. Zuckerberg said that this could be a great field for them to develop, because they have answers to people’s questions. “I think Facebook is uniquely positioned to answer a lot of queries people have,” he said. “Like, ‘What sushi restaurants have my friends gone to in New York in the last six months and liked?'”

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Angel Libby is one of our top authors for the entertainment and movies sections.She is very passionate when it comes to writing about the latest premieres and movie reviews.You can contact Angel by dropping her an e-mail at Angel.Libby@dailygossip.org.

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