Thursday, October 25, 2012

A Profound Shift In Mark Zuckerberg's Attitude Toward Facebook




According to BI, during yesterday's conference call, Zuckerberg announced a big change at Facebook over the past few months.

Teams that once built their products for users only, and left monetization for someone else to worry about later, are now required to build mobile monetization in from the ground up.
"We’re building a lot more integrated ad products now," said Zuckerberg. “Historically, most of the ad inventory was in this right-hand column. It was a separate experience. We had this ad team and their job was to kind of drive that service, and they could provide that service to every other product team.  Now, we’ve told every product team that they’re responsible for the advertising experience within each of their products."

Zuckerberg said the first team given these new marching orders is the News Feed team.  The results are already stunning.  Two quarters ago, Facebook generated zero revenues from its mobile News Feed. Now, CFO David Ebersman says it's generating $3 million per day, pushing the annual run rate over $1 billion.

Back in 2004, Zuckerberg said he wasn't worried about making money because he was "content to make something cool."  Finally, he's figured out he doesn't have to make that choice……

Read all about it at http://www.businessinsider.com/profound-shift-in-zuckerbergs-attitude-2012-10

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