Welcome to the Mark Zuckerberg/TechCrunch Disrupt live blog everyone. We're about 14 minutes from the start. So...please stay tuned for that. In the meantime, we'll have some commentary as we all wait.
Thanks for coming. This hall is packed.
Hi all...so here's something I've been wondering about. Everybody’s got advice for Zuckerberg. I’ve already read several “here’s what Mark Z” needs to address or “Here’s what Mark Z should get asked” stories today. At this point, you gotta believe that he’s more than slightly fed up with all the armchair geniuses out there.
Let's all understand that is an ideal crowd for Mark. A packed house of techies and fans. They want to believe in Facebook. That said, Zuck will of course be talking to the world.
Curious to see how he dresses for the occasion. My money's on standard Zuck sartorial style - especially with this crowd. But you're right, Paul; he's talking to the world - and yes, that includes the number crunchers on Wall Street.
So...will the event start on time? 2 minutes to go.
I hope his attire is (ahem) suitably irreverent to Wall Street.
Of course, Arrington is doing the interview. And his shtick so far at Disrupt has been to ask all the billionaires about private jets and the like. I wonder if he'll keep that up with Zuck. I suppose probably not.
Looks like we're starting.
Big opportunity for Zuckerberg to clear the air about various & sundry.
Notice, too, that this talk is going on after the close of trading.
Indication how keen the interest - the place is standing room only.
Since the IPO on May 18, Zuckerberg has been widely criticized, and beyond the quarterly earnings call hasn't said much. Now he can face his critics and let them know how he plans to generate some serious mobile revenue
Zuck's influence is all through this conference. Matt Cohler, first product person at Facebook, was on this morning. Reid Hoffman was one of the first investors.
Here we go: T-shirt, no hoodie. He's playing to home crowd, not Wall Street
We're now 5 minutes late...but about to start.
Michael Arrington is welcoming Zuck. Cameras everywhere.
Says Zuck: "just get right into it."
Zuckerberg: The performance of the stock has obviously been disappointing. ...the commitment we've made it make the world more open and connected ...for the long term. The next 3 to 5 years is really going to be how well we do with mobile.
He's talking about how "fundamentally good mobile is for us." it's one of the main things that misunderstood for us, he says. Why? there are more users. There's more engagement. And per amount of time people spend on mobile, "we think we'll make a lot of money."
Good way to answer that first direct question by Arrington. He'll follow up.
Arrington is bringing it back to IPO. Zuck says since the beginning, he's learned need a great team, need people who believe in the mission and want to make a ton of money.
"building a mission and building a business go hand in hand," he says.
That sounds like a change from his early days. But that's to be expected, given now a public company
Mark Z has always been poised in public but he's even more so today - in what is a veritable pressure cooker.
Zuck on morale and employee retention with depressed stock. "it doesn't help," he says. But he points out that Facebook has had up and down past." Employees need to understand that. Says it's key to build something that employees are proud of.
Translating the message to engineers: Come to Facebook and build product that will change the world. Even if the stock is wilting.
Zuck: It's as if he's recruiting new people. And Facebook is hiring aggressively. "I think it's a great time to join and it's a great time to double down." The crowd applauded.
We are on to talk about products -- and mobile. Zuck is talking about how mobile apps are improving, and that's improving engagement. And he's back to monetization. "Mobile is a lot close to TV" than desktop computers.
He must have prepared for Arrington's "whence mobile" question a million times already. He has to offer some details or the post-game bloviators are going to rap Facebook for being vague.