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
Like Us On Facebook
Like Us On Facebook

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.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

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.

More In Business

News Kevin Smith

Empire: Facebook Is Now Worth More Than Coca-Cola, Bank Of America And AT&T

Facebook is worth a lot of money. In fact, Facebook is worth a lot more money than companies that have been around for decades. Quartz reports that Facebook is more valuable than, “Coca-Cola, Disney, Intel, Merck, AT&T, Citigroup, Bank of America and Amazon.com.” Just last week Facebook announced its Q2 2014 earnings and the social network […]

News Zoe Zorka

5 Reasons Not To Give Up On Apple, Despite Its Recent Stock Dip

With the Tuesday release of Apple’s so-so quarterly financial results, the Internet was quick to speculate that this might be the end of an era. Ever since Steve Jobs’ retirement and passing, many wondered whether or not Tim Cook would live up to the high innovation bar that Jobs had set. Since Cook took over […]

News Alexia LaFata

Eating Well: Restaurant Chain CEOs Are Getting Paid Insane Amounts

Some of the CEOs of your favorite food moguls, including Starbucks, McDonald’s, the Cheesecake Factory and Chipotle, make more money in half a day than their employees make in a whole year. A recent report by the Economy Policy Institute reveals the millions upon millions of dollars that dozens of CEOs make per year, with the Starbucks […]

Also On Elite

Dating

An Adventurous Love Life: 10 Types Of Sex You’ll Experience In Your 20s

Sex is the new handshake. We’re thinking about it and having it as frequently as we shake hands during one of those job fairs or during my favorite time of the day, happy hour. Since moving to Los Angeles, what’s become apparent to me is that there are different types of sex, and below are the […]

World

Millions Of Anchovies Swarming A Beach Is An Unexpectedly Crazy Scene (Video)

A giant school of anchovies invaded San Diego last Tuesday, baffling scientists as they swam alongside confused surfers and some very happy sharks and seals. The school was about 50 feet wide and 325 feet long, Live Science reports, and could have consisted of one to one hundred million silvery fish. Oceanography professor David Checkley […]