Javascript is currently disabled. This site requires Javascript to function correctly. Please enable Javascript in your browser!
With a wedding ring on his finger and his company public, is Mark Zuckerberg ready to make Facebook produce more profits, not just more social connections?
His fanfare-less marriage to long-time girlfriend Priscilla Chan this weekend would seem to indicate he won't be getting too distracted by family life. But just before Facebook IPO'd on Friday, he announced on stage that "Our mission isn't to be a public company."
As the young CEO enters this next phase of his life, he faces perhaps his greatest challenge yet. Building something that betters our lives while still bringing home the bacon.
Judging by many of the headlines on Friday, you might think that Facebook’s IPO was a miserable failure. The Wall Street Journal declared, “Facebook’s IPO Sputters,” and our very own TechCrunch declared that bankers were “struggling” to keep the share price up. Nevermind that it was the highest ever IPO valuation and one of the largest sums of money ever raised by a U.S. company. According to the pundits, what really matters is that the stock price didn’t increase in value--or “pop”--post IPO and is being propped up by banks. Taking bets on whether an IPO will “pop” provides entertaining fodder to help pundits promote their interests, but it misses the point. This view represents a fundamental misunderstanding of the purpose and economics of an IPO. By the correct measures, the Facebook IPO was a resounding success. Let me explain why.
The speaker schedule for TechCrunch's Disrupt NYC conference has been set for a while now, but three brand new presenters were just added to the lineup: The winners announced earlier today at the finale of this past weekend's 24 hour Disrupt 2012 Hackathon, Thingscription, PoachBase, and PractiKhan.
Since the winning apps were so seriously awesome -- and we have a very, very small sadistic bent (most of these people had not slept for at least 24 hours at this point, so a video interview with bright lights was especially fun) -- we pulled aside all three winning teams for interviews with TechCrunch TV backstage.