marks

Zuckerberg wrote key IPO filing document on his mobile phone

SAN FRANCISCO -- Facebook CEO Mark Zuckerberg is so addicted to his smart phone that, he said today, he "wrote the founder's letter in the [company's IPO filing] on my mobile phone."

Speaking at TechCrunch Disrupt here (see CNET's live blog), Zuckerberg was speaking about how tied to his mobile he is, and how important mobile is to Facebook's developers and users.

"You check in more, seeing what's going on with friends around you," he told interviewer Michael Arrington. "A lot of the energy in the developer ecosystem is...going … Read more

Zuckerberg: Disappointed in stock, but better times are ahead

He came. He saw. He'll have to wait until the stock market opens Wednesday to know whether he conquered.

In his first public comments about Facebook stock since the company's ill-fated May 18 initial public offering, CEO Mark Zuckerberg addressed the month's long slump in the company's stock price.

"The performance of the stock has obviously been disappointing," Zuckerberg said during an appearance Tuesday afternoon at the TechCrunch Disrupt conference in San Francisco. "The commitment we've made is tomake the world more open and connected... for the long term. The next 3 … Read more

Zuckerberg: People aren't seeing how good mobile is for us

Facebook expects its mobile efforts to "make a lot more money than we make on desktop," CEO Mark Zuckerberg told the audience at TechCrunch Disrupt today.

In his first comments since Facebook's initial public offering, the Facebook founder said the company's performance on mobile devices has been underestimated. In the past six months, the company has begun inserting ads into the mobile news feed, announced a significant integration with Apple devices, and improved its application for iOS devices.

"One of the main things that I think is misunderstood is how fundamentally good it is on … Read more

Zuckerberg: 'Employees want to make a bunch of money'

SAN FRANCISCO--Facebook CEO Mark Zuckerberg said that in order to take his company where he wants it to go, he knows that he needs to help prospective -- and current -- employees "make a bunch of money."

Facebook's mission has been to build a great service and to put that mission in front of profit margins, Zuckerberg told a packed audience at TechCrunch Disrupt today (see CNET's live blog). The idea, he said, is that building a great service and a great company go hand in hand. And getting great employees to help with that mission … Read more

Zuckerberg to take center stage today at tech conference

Mark Zuckerberg, who has been all-but-silent since Facebook's May IPO, will sit down for a live interview this afternoon at TechCrunch Disrupt in San Francisco.

Admittedly, he'll be speaking to a friendly crowd of startup founders and hard-core techies -- it's much harder to imagine him appearing at, say, a Goldman Sachs conference -- but he'll surely be grilled on an array of topics. TechCrunch founder-turned-venture-investor Michael Arrington will conduct the interview.

Let's hope Zuckerberg is frank. For sure, he'll continue to talk about how Facebook is built of the long haul and that … Read more

Cory Booker's plan to 'hack' politics and disrupt democracy

SAN FRANCISCO -- Newark, N.J., Mayor Cory Booker, a rising star in the Democratic Party, came to San Francisco to introduce #waywire, a video news product he co-founded, and to appeal for the use of technology to "disrupt our democracy and hack our politics to better reflect the purpose of our people."

Speaking at TechCrunch Disrupt here, Booker described #waywire as an app for creating, collecting and sharing news video. #waywire is now available in "alpha" and has an iPhone app, and is integrated with social networks such as Facebook and … Read more

Zuckerberg says he won't sell any Facebook shares for 12 months

In an SEC filing late today, Facebook said that founder and CEO Mark Zuckerberg "has no intention to conduct any sale transactions... for at least 12 months."

This comes as Facebook's stock today fell once again, closing down 1.8 percent to a record low of $17.73. That's more than 54 percent off its mid-May IPO price of $38.

Just after the IPO, Zuckerberg sold about $1.1 billion worth of stock, a move the company said was to cover his tax bills. Zuckerberg still holds 504 million Class B shares (those are the ones … Read more

Meet Facebook's oldest user, a 101-year-old

Florence Detlor may have been born when William Howard Taft was president, but at the moment she is social media's it girl.

Facebook has confirmed that out of nearly 1 billion users, she is the oldest registered user of the social-networking site at 101 years old.

Detlor brushes off the recent media attention. "It's a matter of circumstance, it just happens to be that way," she said.

The centenarian signed up for Facebook two years ago, after taking a computer class at a community center near her home in Menlo Park, Calif. She has friended around 700 people, but has uploaded only about two dozen photos to her profile.… Read more

What Zuckerberg must do to right the Facebook ship

All is not well at Facebook. Some have even started calling for CEO Mark Zuckerberg's head. But the panic is premature, and the social network has plenty of time and opportunity to turn things around.

Facebook's stock price has traveled south since its flashy (and disastrous) debut in May. Facebook closed at $19.44 per share on Wednesday, barely half of its $38 IPO price.

Why is Facebook's share price dropping like a boulder off a cliff? M&A specialist Marty Wolf provides an excellent explanation, but I'll summarize the key points:

Facebook's price-to-earnings … Read more