Mark Zuckerberg and Facebook: What's Next?

"When I was here three years ago, they were calling you the Toddler CEO, and they don't say that any more at all. This is a tough question, but try: How would you grade yourself as a CEO, as the leader of this business?" Stahl asked.

"I mean, that is a hard question," Zuckerberg replied. "I also don't think you can ever win by answering that question. Now, we've made a huge number of mistakes along the way. Right, now I always say I just think we've made probably every possible mistake you could make."

"Is there a decision that you've made that the people around you told you was a mistake and you defied them and you were right?" Stahl asked.

"You know, the most famous one, I think, probably has to do with selling the company, right? I mean, in 2006...we had this opportunity to sell the company to Yahoo for a billion dollars. And we turned that down. I think a lot of people at the time thought we should sell the company," Zuckerberg said.

"But you know, I felt really strongly," he explained. "And I think now, people generally think that that was a good decision."

Since that decision, the company has grown considerably. Estimates are that if there were an initial public stock offering - an IPO - today, Facebook would be valued between $35-and $50 billion.

Asked if he is ever going to have the IPO, Zuckerberg said, "You know, maybe."

"It's like you can't let go," Stahl remarked.

"I don't think it's letting go. Here's the way that I think about it: a lot of people who I think build startups or companies think that selling the company or going public is this endpoint. Right, it's like you win when you go public. And that's just not how I see it," he said.

"You're 26 years old," Stahl said. "Feel old?"

"Yeah," Zuckerberg replied.

"Yeah, running this giant company. Your personal worth is said to be $6.9 billion. Do you ever just pinch yourself? Do you ever just say, 'Wow, this happened to me'?" Stahl asked.

Zuckerberg replied, "I mean, it is pretty crazy!"


Produced by Shachar Bar-On

• « Previous Page
• 1
• 2
• 3
• 4
• 5
• 6
• 7
• 8

[dontforget911]

Zukerberg and Facebook use illegal spam tactics to get new members to signup an account on Facebook. Have you all received emails from your buddy's Facebook account to say that your buddy has new photos they want to share but required you to open an account with Facebook before you can view their photos. Well I asked my buddies why they keep requesting me to join Facebook and my buddies told me they never sent me such request from their Facebook account. Looks like Facebook uses my friend's email contacts to spam them. I think the Time of the year award is given to the wrong person and should be reviewed and investigated.

[eatmydessertfirst]

Mr. Zuckerberg needs to consult with people who have been on this planet a little longer than himself when he decides to make changes to the FB profiles etc. They will tell him that mature users are not interested in having everyone be able to see what they post on friends' walls! They will tell him that more mature users are not interested in being popular!

Mr. Zuckerberg is 26 and clearly thinks like a 26 year old would as it relates to wanting to be popular and wanting everyone to see what you are doing thus fueling the constant changes to FB. But there are some who actually like the fact that they could choose who see's what in their profile. Mr. Zuckerberg, in his attempt to "turn the web into one big social network" had angered a large number of users who don't like the changes.

The changes that FB is consistently making are annoying and there are many ( hundreds of thousands; see all the newly formed groups regarding the changes) who have declared that they don't like the changes and who feel that their voices are not being heard by the founder.

FB needs to listen to its users! Stop with all the unnecessary changes and give users options regarding their profiles and information!

[darylschneider]

You said that very well. Unfortunately I don't believe he (Zuckerberg) has the wisdom or maturity to even listen or see the errors he is making. I will say that if someone came along and offered a service similar with better attention to the wants and needs of the users instead of his immature "engineers" it would succeed at a faster rate than even FB did. I learned a long time ago that engineers and programmers should NOT be allowed to make critical business decisions. I have consulted with many companies who made that mistake and I saved them millions of dollars by making changes to who makes the decisions.

Let the management talent tell the programmers and engineers what they want not the other way around as FB does. And let the management talent do their research well before they roll out product.

Steve Jobs is a perfect example. He is a business visionary but he tells his engineers and programmers what do to and they do it. Nuff said.

[dartmoorlagunabeach]

Beyond the greed of the of the Windlevoss's are the OTHER founders of Social Networking who were dominating the advancements of linking alumni, friends, and dates......all in the halls of Stanford.....These gracious men understand true competition and realize that Mark got there first...The "news" should investigate Nexus/InCircle founded and funded by two Stanford alumni and some of Silicon's finest VC's. Club Nexus was up and running when the Winklevoss's were just trying to get started......I even think they are using Tyler's attorneys. In other words, it was a free market and they have already prospered well....

[CNETTony111]

Are the people running Facebook and Google 100% Citizens of the United States (Full Citizens) or are they Dual Citizens who owe their allegiance to the Terrorist Group that rose up against the British Mandate of Palestine and call themselves Israel?

Are they collecting information to support their continuing illegal occupations of Gentile Lands and the INTERNATIONAL PROPERTY of Jerusalem?

[darylschneider]

You are a bigot and an idiot. Jerusalem is NOT international property and never was except when it was conquered by the British crown during the crusades to save the Muslim brothers from the Christian god's rath for being non-believers in Christ. Go soak your head in the nearest toilet where it was before you wrote such garbage.

[darylschneider]

What I posted here yesterday is not here. hmmm? Wonder why that is? Anyway.... I have been a fan of 60 Minutes for many years but I am more than disappointed at Leslie Stahl's interview. What a cream puff story that was. He didn't answer one sin gle question she asked and she didn't push even a little. Harry Reasoner would be crying at this failure of journalism. Further, Mark is a wimp and there is so much more to this story that could have been told had the producers cared to look beyond their own noses. While 60 Minutes was busy promoting the boy genius (NOT) the FB gang was busy ruining thousands of hours of work on business pages on FB which have been ruined by trickery. FB tricked many business pages into "merging" with a Microsoft product named BING. We are sure that there must have been huge payments from BING to FB for this and in almost every case the pages have been ruined in that they no longer function as they were intended. There is NO HELP from anyone at FB and no way to contact them. There is a new page dedicated to attracting attention and possibly help with this.... see http://www.facebook.com/unmerge?v=wall If you are truly open minded and want to see the users side of an issue which sweet Leslie chose not to then go to that link and see for yourself. The current producers of 60 should be ashamed of what they have allowed this program to become. Where is the hard nosed investigative journalism that built this show? Gone I'm afraid for it has not been see for quite some time.

[gruven13777]

You'd think a guy worth billions could afford some teeth whiting toothpaste.

[confused2byu]

Does this dude wear a toupee? Yes Stalh showed a clip from an interview a couple of years ago and his hair in front appeared longer. However today his head is bigger than the older interview so it would seem his toupee would look smaller now. Not trying to be rude is dis the guy; just saying it looks like he wears a toupee.

[snakespear1]

What a lame interview - but what else would you expect from Lesley Stahl? She is like your mother/grandmother asking simpleton/tech retard questions about today's tech innovations. I think the only reason CBS sends her on these interviews is to push people like Zuckerberg off their guard. "Conquer the Internet" - what kind of stupid question is that? Its as na?ve as saying that people now spend more time on Facebook than Google. Isn't it the goal of a search engine to move you to your desired information in as little time as possible? I mean ***?

[bpb58]

i wish i could get someone from FB to troubleshoot my account. i have been unable to log in for over a week. my computer tech has checked - we can't figure out what's wrong. it seems to be my account since i've been on two different computers and used two different explorers. no one else is having this technical problem, but i can't get any help! will i have to just deactivate my account?

[12moore]

http://twitter.com/#!/12moore