I was shocked to hear Zuck say it, but here it is:
http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html?_r=0
http://www.nytimes.com/2012/10/24/technology/facebook-revenue-surpasses-forecasts.html?_r=0
“I want to dispel this myth that Facebook can’t make money on mobile,” he told financial analysts on the company’s third-quarter earnings call. “We are just getting started.”
Even before he spoke, investors seemed to take comfort from the company’s earnings report, released on Tuesday after the market closed.
Facebook posted revenue that slightly beat forecasts, and it said 14 percent of its advertising revenue came from ads on mobile devices. With those results, its shares rallied more than 8 percent in after-hours trading. Even so, they were at about 45 percent of the initial public offering price.