Mark Zuckerberg's MWC keynote | CNET

Mark Zuckerberg's MWC keynote

On the first day of the 2014 Mobile World Congress, Facebook CEO Mark Zuckerberg speaks at a keynote address. CNET brings you full coverage in our live blog.

  • Tim Stevens 2/24/2014 5:16:29 PM
    The question, he says, shouldn't be "Do you want a data plan?" Instead it should be "Do you want Facebook or Whatsapp?"
  • Tim Stevens 2/24/2014 5:16:44 PM
    Kirkpatrick likens it to a gateway drug... but then quickly switched back to the more euphemistic "on-ramp."
  • Tim Stevens 2/24/2014 5:17:05 PM
    "I really believe that it [spending money on the internet] really is the rational thing to do" says Zuckerberg.
  • Tim Stevens 2/24/2014 5:17:27 PM
    Kirkpatrick now asks whether Globe, the provider, is really making more money.
  • Tim Stevens 2/24/2014 5:17:47 PM
    Zuckerberg says it's only been three or four months, so doubling data consumption is impressive. But, in terms of profits, they're "near break-even."
  • Tim Stevens 2/24/2014 5:18:02 PM
    "From what we've seen in the rate of improvement we're going to get this to a point where it's highly profitable."
  • stephen.shankland 2/24/2014 5:18:13 PM
  • Tim Stevens 2/24/2014 5:18:44 PM
    Zuckerberg says they want a few more partners, three or five, to start rolling this out a bit more broadly and help to refine the business model.
  • Tim Stevens 2/24/2014 5:19:47 PM
    "What we want to do for the next set of partnerships is where we really dive in for a year... My goal is to show that the model works over a full year, and then be back here next year or the year after with a systematic model."
  • Tim Stevens 2/24/2014 5:20:07 PM
    Kirkpatrick: "Is this just a way for Facebook to make more money, then?"
  • Tim Stevens 2/24/2014 5:20:27 PM
    Zuckerberg: "One of the unfair economic realities is that the people with the vast majority of the wealth are the people who are already on Facebook."
  • Tim Stevens 2/24/2014 5:20:46 PM
    Zuckerberg's board is asking the same question, how will this be profitable, and in the short-term, no, it won't be profitable.
  • Tim Stevens 2/24/2014 5:21:08 PM
    "But, I believe in this because first of all this is why I started Facebook... I built the product originally because I wanted it at Harvard. But the vision was that some day someone would try to connect everyone in the world."
  • seamus.byrne 2/24/2014 5:21:22 PM
    Background: Globe is the second largest telco in the Philippines, and the Philippines recently surveyed as the poorest, slowest mobile network in the world.
  • Tim Stevens 2/24/2014 5:21:38 PM
    "I think we're probably going to lose money on this for quite awhile."
  • stephen.shankland 2/24/2014 5:21:41 PM
    Every Mobile World Congress I've been to, I hear a lot about partnerships where "over-the-top" services like Facebook or Spotify talk about partnerships with carriers to attract new customers. It always seems a bit like throwing a sop to the carriers, who are perpetually disgruntled about the free services that ride on their dumb pipes.
  • Tim Stevens 2/24/2014 5:22:11 PM
    "If we do something that's good for the world we'll find a way to profit from that."
  • Tim Stevens 2/24/2014 5:22:34 PM
    Kirkpatrick: "Is your board completely cool with that?"
  • Tim Stevens 2/24/2014 5:22:46 PM
    Zuckerberg: "Yeah, they're on our board because they believe in our mission."
  • Tim Stevens 2/24/2014 5:23:07 PM
    Next question: What kind of trajectory will this follow? How long will it take before everyone can have "basic services."
  • Tim Stevens 2/24/2014 5:23:35 PM
    Zuckerberg: "I hope that we can prove that the model works, and then get to the place to work with a larger number of carrier partners within the next two or three years." Pretty sure we've heard this one before.
  • stephen.shankland 2/24/2014 5:23:43 PM
  • Tim Stevens 2/24/2014 5:24:23 PM
    "This is a long-term thing for us..." But, he hopes to do well better than a billion people over the next five years.
  • Tim Stevens 2/24/2014 5:24:34 PM
    Back to the Whatsapp acquisition again. Kirkpatrick is asking whether the board was into the cost.
  • Tim Stevens 2/24/2014 5:25:07 PM
    Zuckerberg: "There's two pieces to think about: the first is the company by itself and what it's going to be worth, and then there's the strategic value of what we can do together."
  • seamus.byrne 2/24/2014 5:25:25 PM
    "Free Facebook" is a pretty common offer with Australian carriers and Australia is not a slow moving data user. Is it used that way in a many other Western nations too? That said, Australia uses data caps to restrict usage, so 'Free' anything is attractive when there are limits to worry about.
  • Tim Stevens 2/24/2014 5:25:33 PM
    He thinks that the company is worth $19B on its own, even without the partnership options.
  • Tim Stevens 2/24/2014 5:26:26 PM
    "Then the question is why were we excited to do this together." Zuckerberg is again saying about the angle, which he believe will help. Being a part of Facebook, he says, means they can really focus on adding more people.
  • Tim Stevens 2/24/2014 5:27:14 PM
    "What we envision for carriers, is basically a model that can help them get more subscribers and connect more people."
  • stephen.shankland 2/24/2014 5:27:47 PM
  • Tim Stevens 2/24/2014 5:28:18 PM
    Kirkpatrick is now asking for more specific information about efficiencies that can be gained to reduce cost.
  • seamus.byrne 2/24/2014 5:28:30 PM
    You know what's a very basic text-based service? SMS. But boy are carriers in love with making piles of cash by charging for it. They did give it away for free when it first appeared, though...
  • Tim Stevens 2/24/2014 5:28:53 PM
    Zuckerberg says there are three aspects, with the first being to decrease the cost of the internet infrastructure. Basically, hardware and the necessary equipment to run it.
  • Tim Stevens 2/24/2014 5:29:04 PM
    Second is to increase data efficiency, so that services need less data, he says.
  • Tim Stevens 2/24/2014 5:29:28 PM
    Finally is increasing the efficiency of the up-sell. He says there's a 10x improvement to be made on all three tiers.
  • Tim Stevens 2/24/2014 5:30:02 PM
    Regarding the first point, Zuckerberg says that more spectrum availability would help, along with reduced costs of smartphones. Kirkpatrick references the $25 Mozilla smartphone that was announced today.
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