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Mark Zuckerberg outlines Facebook’s key priorities ahead of IPO
fifteen.05.2021 [08:00],
Konstantin Khodakovsky

Today the social network Facebook is used by 900 million people. Mark Zuckerberg, who founded this service 8 years ago, was named Man of the Year magazine by Time magazine, and the popular movie “The Social Network” was made about him. The company is going to go public soon, and therefore for potential investors it is very interesting where it is going to move.

Facebook COO Mark Zuckerberg, at a meeting with investors during events in preparation for the long-awaited initial public offering of shares, noted that strong integration of mobile applications in Facebook is an important goal for 2021. In addition, as part of improving the Facebook mobile app this year, the company will strive to create closer links with other online services and create a resilient advertising environment.

The company is just starting to develop its mobile application, said Mr. Zuckerberg. “In 10 years or so, every consumer product category will be transformed to be built around people,” he told fund managers and Silicon Valley elites like Netscape cofounder and venture capitalist Marc Andreessen. – People will listen to music and watch TV with other people. We have only recently reached a tipping point [in the development of social services]. “.

Wall Street officials fear that the company will not be able to generate sufficient revenue from mobile users, which are considered a key audience for further growth, especially as the growth rate of Facebook’s main advertising business is slowing.

But this does not diminish the demand for shares of a successful web company, which has already become a cultural phenomenon. An anonymous whistleblower told Reuters last week that the IPO had already been oversubscribed. The value of the company is currently estimated in the range from $ 77 billion to $ 96 billion.

Mark Zuckerberg notes that overall, Facebook’s ad business is constantly improving, with most markets increasing costs. At the same time, the largest social network considers social advertising as an important lever for the development of the mobile sphere.

According to the company’s management, advertising that includes information about Facebook friends who liked certain products is more suitable for small smartphone screens, through which more than half of the social network participants use the resource. Given the fact that Facebook collects more data about mobile users (for example, their location), ads may be more targeted.

When asked about the $ 1 billion takeover of the creator of the mobile social app Instagram, Facebook’s biggest purchase, Mr Zuckerberg said the deal had been pending two or three months before it was finalized. There were unofficial reports that she was imprisoned in just a couple of days. The head of Facebook stressed that since the deal was concluded in early April, the Instagram user base has grown from 30 million to 50 million.

The sale of Facebook shares on the American stock exchange Nasdaq under the symbol FB is expected to begin on May 18.

Related materials:

  • Facebook is introducing file sharing tools for groups;
  • Russians ordered brokers to buy Facebook shares worth more than $ 23 million;
  • Americans outraged by Facebook co-founder’s refusal of American citizenship ahead of IPO.

A source:

  • huffingtonpost.com

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