Facebook is the largest social network online. With the massive increase in the population on mobile platform, the social network has been increasingly popular across this platform and now, finally, Facebook has started to attend to the pressing needs of addressing the mobile platform. Just ahead of its go-public move, Facebook’s CEO Mark Zuckerberg has now announced that mobile apps are his top priority.
Zuckerberg was addressing a huge audience over how Facebook plans to handle the IPO and how the company intends to stay competitive and profitable in future. He stated that integrating mobile apps in Facebook and providing an improved version of its mobile application are the key priorities in the year 2012.
According to him, “Over the next 10 years or so, every consumer category should be transformed to be built around people. People will listen to music and watch TV with other people. We only recently reached this tipping point.” On the mobile front too, the Facebook CEO thinks that his company is only starting and it has a huge potential in the coming days.
Within a few days, Facebook intends to raise huge capital by going public. The initial capital that the company intends to raise is a massive $10.6 billion, putting Facebook’s net worth at a whopping $96 billion! That would be more than the first public valuation of nearly all other tech giants in Silicon Valley.
According to the feedback given by the investors who were present at the occasion, Facebook did a great job by laying out its vision right in front of its investors. This way, the investors know that Facebook has a clear vision and knows what it has to do in the future.
Source: Reuters
Courtesy: Engadget
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