4 Comments

Summary:

In the oblivious parallel universe, growth has nothing to do with revenues, and so it is for Mark Zuckerberg, CEO of Facebook, in an intervi…

In the oblivious parallel universe, growth has nothing to do with revenues, and so it is for Mark Zuckerberg, CEO of Facebook, in an interview with Frankfurter Allgemeine Zeitung on his visit to Germany. He said in response to questions about company’s business model: “I’m pretty sure that we will find an analogous business model. But we are experimenting already. One group is very focused on targeting; another part is focused on social recommendation from your friends. In three years from now we have to figure out what the optimum model is. But that is not our primary focus today…Growth is primary, revenue is secondary.” Yes, and our economy is fundamentally strong as well…

Anyway, snark aside, Zuckerberg confirms that the company is allowing its employees to sell shares in the company, up to 20 percent of their options for a maximum of $900K. “We are not going public for a while. So we want the people to have enough money to live for the period of time until we go public. In the early days of Facebook I was able to get 900000 dollar of liquidity. That made a pretty big deal to me. We want engineers or other people in the company don’t have to worry about simple things.”

  1. this is total bullshit. a deep recession will kick the crap out of Facebook and force them to raise more capital at lower valuations — mark my word on this.

    Share
  2. And why would that be a problem? FB generates revenue today through the MS adds deal. If access to capital is made more difficult then then will have to slow down their growth and even lay down some staff. Won't kill them.

    Share
  3. why will it kill them? not sure they will go out of business but they will certainly be wounded and no longer the hot place to work.

    Share
  4. If Facebook takes it on the chin due to the economic downturn, then I don't think people working there will be worrying about whether its "hot" any more, they'll just be glad that they have a job.

    Share

Comments have been disabled for this post