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Mark Zuckerberg Acknowledges IPO Disappointment, Predicts Facebook Rebound


Mark Zuckerberg speaks! 

We haven’t heard much from Facebook’s CEO since the completely underwhelming initial public offering back in May, but Zuckerberg spoke with TechCrunch founder Michael Arrington to a packed room during the TechCrunch Disrupt conference in San Francisco. And he had a lot to say.

Zuckerberg acknowledged Facebook’s stock performance has been disappointing, but noted he would rather be underestimated and take risks that would wow consumers and shareholders.

The social media giant’s attention is on mobile platforms now.

“We are a mobile company,” he said, admitting their focus on HTML5 was a mistake but using Native will help them recover. But don’t expect a Facebook phone—according to Zuck, that “doesn’t make any sense” for them to pursue.  

All in all, the interview seemed win-win for Zuckerberg and Facebook. That underperforming stock? It was up 4.6 percent after the talk, something Facebook and its newly minted shareholders would clearly like to see more of.