Zuckerberg: ‘Our Mission Isn’t To Be A Public Company’ In Pre-IPO Remarks

Zuckerberg: ‘Our Mission Isn’t To Be A Public Company’ In Pre-IPO Remarks
Business

As humble as ever, Facebook CEO Mark Zuckerberg, in his famous hoodie, stated that his goal is not to be a public company – he still holds his original intention of making communication more accessible. Zuckerberg received another hoodie from the NASDAQ CEO Bob Greifeld to add to his collection before ringing the opening bell and giving his speech.

Zuckerberg’s speech aired on Bloomberg TV this morning:

I just want to say a few things, and then we’ll ring this bell and then we’ll get back to work. Rightnow this all seems like a big deal. Going public is an important milestone in our history. But here’s the thing: our mission isn’t to be a public company. Our mission is to make the world more open and connected.

In the past eight years, all of you out there have built the largest community in the history of the world. You’ve done amazing things that we never would have dreamed of and I can’t wait to see what you’re all going to do going forward.

So on this special day, on behalf of everyone at Facebook, I just want to say to all the people out there who use Facebook and our products, thank you. So let’s do this! This is an awesome moment. But remember, stay focused and keep shipping.

Zuckerberg’s speech restated the mission that he outlined in his letter to investors:

Facebook was not originally created to be a company. It was built to accomplish a social mission — to make the world more open and connected. We think it’s important that everyone who invests in Facebook understands what this mission means to us.

We don’t wake up in the morning with the primary goal of making money, but we understand that the best way to achieve our mission is to build a strong and valuable company. This is how we think about our IPO as well.

We’re going public for our employees and our investors. We made a commitment to them when we gave them equity that we’d work hard to make it worth a lot and make it liquid, and this IPO is fulfilling our commitment. As we become a public company, we’re making a similar commitment to our new investors and we will work just as hard to fulfill it.

Although Facebook is now larger than ever, the company and its creator remain focused on keeping users happy above all.

Elite.

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Preston Waters

Preston Waters is a thinker. He's not your traditional philosophical persona, however, as he leaves no topic untouched. Covering all the bases, from business to women, Preston Waters is the ultimate man's man for Gen-Y.

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