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Zuckerberg admits Facebook in tough cycle

Last Updated: Friday, October 5, 2012 - 14:05

Washington: As Facebook passed the 1 billion mark for its active monthly users, the social networking giant’s CEO Mark Zuckerberg made an end run around questions about his youth and the company’s fallen stock prices during a TV interview.

Though Zuckerberg answered questions put forward by interviewer Matt Lauer on NBC’s "Today" show, he didn’t dive into details about how his company is trying to rebound after seeing its NASDAQ share price crash to more than 40 percent from the May IPO price of USD 38.

“We’re obviously in a tough cycle now, and that doesn’t help morale. But at the same time people here are focused on the things that they are building,” Politico quoted Zuckerberg, as saying.

After Facebook hit the 1 billion monthly-active-user threshold, Lauer asked Zuckerberg to explain why his company isn’t “killing it making money.”

“Well, I think it depends on your definition of ‘killing it. We are making billions of dollars and we’re a public company now so I can talk about that. The future is really gonna be about mobile and the opportunities for growth there, [and] we do have the most-used mobile apps,” Zuckerberg said

Though the roughly seven-minute segment also delved into the personal life of the CEO, who made a business out of getting other people to share private information, Zuckerberg made it clear that his philosophy is to only be in the press when he’s got something to say.

According to the report, he also pulled the curtain back slightly on his surprise wedding in May.

“The wedding was an awesome thing. We intentionally didn’t want a lot of attention, so what we did was, my wife and I planned it as a surprise. It was a really small wedding, but it was nice. If people want to write about it after, fine, but I just wanted to make it so that we could enjoy the moment because that’s what it’s about,” he said.


First Published: Friday, October 5, 2012 - 14:05
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