Facebook (FB) CEO Mark Zuckerberg accepted the first public interview on TechCrunch Disrupt conference in San Francisco today since Facebook IPO. In the face of the situation that Facebook stock price declined all the way from the initial price of $38 to less than $20, he expressed disappointment, but stressed to create a valuable company and products from the long-term point of view. Zuckerberg also admitted a misjudgment of the mobile platform strategy. He said Facebook’s future will lie in the mobile platform, and also revealed the development toward search services.
The news and rumors about Facebook to develop its own phone came in everywhere. Most people think it will provide Facebook’s users with end-to-end experience. But Zuckerberg said it does not solve any of their problems and to develop a cell phone makes no sense.
Facebook carried out its IPO in May of this year, becoming the first company completed listing with a market capitalization of over $100 billion in the history of the United States. However, as investors are worrying about that the slowdown in the growth of the company, Facebook stock price slid more than half of its IPO price of $38.
Facebook stock price rose 3.3% to $19.43 with 50.51 million shares traded in the trading on the Nasdaq Tuesday. Facebook currently has a market cap of $41.63 billion.