Mark Zuckerberg spills on Google, China, Steve Jobs, and the Facebook IPO

Mark Zuckerberg - Sheryl Sandberg - FacebookFacebook’s CEO and COO, Mark Zuckerberg and Sheryl Sandberg, appeared on Charlie Rose last night to discuss the social network’s evolution and their respective leadership roles. While we’ve all heard Facebook’s mission statement and professions of connecting the world time and time again, both executives were surprisingly candid about a number of subjects.

Facebook’s potential IPO

“We’ve made this implicit promise to our investors and to our employees that by compensating them with equity and by giving them equity, that at some point we’re going to make that equity worth something publicly and liquidity, in a liquid way. Now, the promise isn’t that we’re going to do it on any kind of short-term time horizon. The promise is that we’re going to build this company so that it’s great over the long term, right. And that we’re always making these decisions for the long term, but at some point we’ll do that.” – Mark Zuckerberg

“It’s—honestly, it’s not something I spend a lot of time on a day-to-day basis thinking about it now.” – MZ

Facebook and China

“That’s not something we’re working on or focused on right now because it’s not a decision we have to make.” – Sheryl Sandberg

“But since, for right now, we’re not available, and we don’t have an immediate path to become available, it’s not—these are not policy decisions we have to make.” – MZ

Facebook vs. Google

“You know, when I think about this, if you compare Facebook and Google to, you know, most of the world, right, to other companies in other industries, they’re actually in some ways, incredibly similar. They are founder-led… Silicon Valley based technology companies that… [are] driven by engineering. They’re very similar.” –SS

“Google is fundamentally about, you know, algorithms and machine burning.” –SS

“I mean, people like to talk about war. You know, there are a lot of ways in which the companies actually work together. There are real competitions in there. But I don’t think that this is going to b the type of situation where there’s one company that wins all the stuff.” –MZ

“I mean, I think, you know, Google, I think in some ways, is more competitive and certainly is trying to build their own little version of Facebook. But you know, when I look at Amazon and Apple and I see companies who are extremely aligned with us.” – MZ

The Facebook platform

“Our goal is not to build a platform; it’s to be across all of them.” – MZ

“There’s one thing that I think is most important to Facebook, which is that we are focused on doing one thing incredibly well. We only really want to do one thing. Connect the world.” – SS

“Building games is really hard and…and what we’re doing is really hard. And we think that we’re better off focusing on this piece. I think that building a great game service is really hard. Building a great music service is really hard. Building a great movie service is really hard. And we just believe that an independent entrepreneur will always beat a division of a big company which is why we think that the strategy of these other companies trying to do everything themselves will inevitably be less successful than an ecosystem where you have someone like Facebook trying to build the core product to help people connect and them independent great companies that are only focused on one or two things doing those things really well.” – MZ

On Steve Jobs

“I mean, he—he’s amazing. He was amazing. I mean, he—I had a lot of question for him on how to build a team around you that’s focused on building as high quality and good things as you are. How to keep an organization focused, right, when I think the tendency for larger companies is to try to fray and go into all these different areas. Yeah, I mean a lot just on the aesthetics and kind of mission orientation of companies. I mean, Apple is a company that is so focused on just building products for their customers and their users.  And I think we connected a lot on this level of, okay, Facebook has this mission that’s really more than just trying to build a company that has market cap or a value. It’s like we’re trying to do this thing in the world. And I don’t know, a lot of it I just think we connected on that level.” – MZ

You can watch the entirety of the interview here, and check out a preview below. 

Cars

Volvo plans to face the future without sacrificing its identity

Volvo is embarking on an ambitious push to fill its lineup with electric and hybrid cars, as well as an infotainment partnership with Google. Volvo Americas CEO Anders Gustafsson explains how the Swedish automaker plans to pull that off.
Social Media

Grow your Twitter audience overnight with these simple tips and tricks

Using Twitter can be intimidating, but these tips will help you feel less inadequate when you look at your follower count. As long as you use a bit of moderation, you'll soon be one step closer to social media fame.
Emerging Tech

Light-swallowing room promises Call of Duty fans the blackest of ops

What's it like to be in a room fully painted with the world's darkest material, Vantablack? The makers of one of the year's top video games teamed up with Vantablack scientists to find out.
Home Theater

How to buy speakers: A beginner’s guide to home audio

From the difference between bookshelf speakers and monitors to the proper way to audition, our ultimate speaker buying guide has all the information you need to create your own home audio nirvana.
Computing

Was your Facebook account hacked in the latest breach? Here’s how to find out

Facebook now reports that its latest data breach affected only 30 million users, down from an initial estimate of 50 million accounts. You can also find out if hackers had accessed your account by visiting a dedicated portal.
Mobile

Hinge's new feature wants to know who you've gone out on dates with

With its new "We Met" feature, Hinge wants to learn how your dates are going with matches in its app. That way, it can inject the information into its algorithm to provide future recommendations that better suit its users' preferences.
Social Media

Like a pocketable personal stylist, Pinterest overhauls shopping tools

Pinterest shopping just got a bit better with a trio of updates now rolling out to Pinterest. The first replaces Buyable Pins with Product Pins for more features, including knowing whether or not a product is in stock.
Smart Home

Facebook’s new Portal device can collect your data to target your ads

Facebook confirmed that its new Portal smart displays, designed to enable Messenger-enabled video calls, technically have the capability to gather data on users via the camera and mic onboard.
Social Media

YouTube is back after crashing for users around the world

It's rare to see YouTube suffer serious issues, but the site went down around the world for a period of time on October 16. It's back now, and we can confirm it's loading normally on desktop and mobile.
Social Media

Twitter has sorted out those weird notifications it was sending

Twitter started churning out weird notifications of seemingly nonsensical letters and numbers to many of its users on Tuesday morning. The bizarre incident even prompted Twitter boss Jack Dorsey to get involved.
Photography

Adobe MAX 2018: What it is, why it matters, and what to expect

Each year, Adobe uses its Adobe MAX conference to show off its latest apps, technologies, and tools to help simplify and improve the workflow of creatives the world over. Here's what you should expect from this year's conference.
Home Theater

Facebook might be planning a streaming box for your TV that watches you back

Facebook is reportedly working on a piece of streaming media hardware for your living room with a built-in camera for video calls, something people may not want given the company's recent controversies.
Computing

Adobe’s craziest new tools animate photos, convert recordings to music in a click

Adobe shared a glimpse behind the scenes at what's next and the Creative Cloud future is filled with crazy A.I.-powered tools, moving stills, and animation reacting to real-time tweets.
Social Media

Over selfies and an onslaught of ads? Here's how delete your Instagram account

Despite its outstanding popularity and photo-sharing dominance, Instagram isn't for everyone. Thankfully, deleting your account is as easy as logging into the site and clicking a few buttons. Here's what you need to do.