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	<title>A Fool's Wisdom &#187; video</title>
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		<title>Facebook CEO Mark Zuckerberg on 60 Minutes</title>
		<link>http://foolswisdom.com/facebook-ceo-mark-zuckerberg-on-60-minutes/</link>
		<comments>http://foolswisdom.com/facebook-ceo-mark-zuckerberg-on-60-minutes/#comments</comments>
		<pubDate>Thu, 31 Jan 2008 19:44:21 +0000</pubDate>
		<dc:creator>Lloyd</dc:creator>
				<category><![CDATA[Web]]></category>
		<category><![CDATA[60 Minutes]]></category>
		<category><![CDATA[All Things D]]></category>
		<category><![CDATA[Ari Steinberg]]></category>
		<category><![CDATA[Beacon]]></category>
		<category><![CDATA[CBS]]></category>
		<category><![CDATA[Danny Sullivan]]></category>
		<category><![CDATA[Dave Mcclure]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Kara Swisher]]></category>
		<category><![CDATA[Lesley Stahl]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>
		<category><![CDATA[Open Source]]></category>
		<category><![CDATA[social networking]]></category>
		<category><![CDATA[The Wall Street Journal]]></category>
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		<guid isPermaLink="false">http://foolswisdom.com/?p=689</guid>
		<description><![CDATA[Facebook CEO Mark Zuckerberg on 60 Minutes. It is a great interview! My brother mentioned to me a few weeks ago seeing Facebook CEO Mark Zuckerberg on 60 Minutes. This interview by Lesley Stahl with Mark didn&#8217;t disappoint. The interview &#8230; <a href="http://foolswisdom.com/facebook-ceo-mark-zuckerberg-on-60-minutes/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://kara.allthingsd.com/20080114/facebook-the-entire-60-minutes-segment/">Facebook CEO Mark Zuckerberg on 60 Minutes</a>. It is a great interview!</p>
<p><span id="more-689"></span><img src="http://farm3.static.flickr.com/2323/2233419602_a5bb062321_t.jpg" width="100" height="37" alt="Facebook Logo" align="right" />My brother mentioned to me a few weeks ago seeing Facebook CEO Mark Zuckerberg on 60 Minutes. This interview by Lesley Stahl with Mark didn&#8217;t disappoint. </p>
<p>The interview can be found in Kara Swisher article &#8220;<a href="http://kara.allthingsd.com/20080114/facebook-the-entire-60-minutes-segment/">Facebook: The Entire â€˜60 Minutesâ€™ Segment</a>&#8221; Unlike Kara, I didn&#8217;t expect a &#8220;big wet kiss&#8221;, but Kara always compliments her excellent journalism with cynical editorial &#8212; for some reason I really enjoy it.</p>
<p>Kara also complains about no mention of MySpace, but I wonder how much rivalry there really is for 60 Minutes&#8217; audience. I know very few people personally that are active on MySpace &#8212; and those that are, are almost all are in bands.</p>
<p>I also disagree that &#8220;it hits all the high (and low) points of the Facebook saga&#8221;. It&#8217;s hits make for a balanced 15 minute piece. It misses the headlines in the news about children&#8217;s safety on Facebook and the Beacon fiasco being near deja vu of <a href="http://blog.facebook.com/blog.php?post=2208562130">the News Feed and Mini-Feed fiasco</a> a year before.</p>
<p>It also likely ends with a negative feeling for Mark and the Facebook team. Possibly, by reordering and going into more detail on the highs, people might appreciate what a phenomenon Facebook is &#8212; but maybe it isn&#8217;t necessary as people already know it is, because they are using it each week.</p>
<p>Likely not (yet) interesting to the 60 Minutes audience is Facebook&#8217;s <a href="http://developers.facebook.com/opensource.php">contributions to open source</a>. My former <a href="http://www.flock.com/">Flock</a> co-worker Ari Steinberg build and <a href="http://blog.facebook.com/blog.php?post=2220757130">announced</a> the <a href="http://blog.facebook.com/blog.php?post=2220757130">Facebook Toolbar for Firefox</a> </p>
<p>All my circles of friend and acquaintances at least known of Facebook, and many use it regularly. I greatly admire the Facebook experience and Mark and teams ability to solve problems others either haven&#8217;t tried or have failed at.</p>
<p><strong>Friday, Feb 1st Update:</strong> Kara Swisher yeterday reported <a href="http://kara.allthingsd.com/20080131/chatty-zuckerberg-tells-all-about-facebook-finances/">Chatty Zuckerberg Tells All About Facebook Finances</a> which includes:</p>
<blockquote><p>Revenue for Facebook for 2007 will be $150 million, as has been widely reported. But for 2008, Zuckerberg projected revenue to be increased to $300 to $350 million.</p>
<p>More interesting was the news that Facebook would spend $200 million next year on capital expenditures, which is a whole lot of servers.</p>
<p>By the way, more expenses, noted chatty Mark, those employee levels would rise to more than 1,000 in 2008 from 450 now.</p></blockquote>
<p><a href="http://searchengineland.com/">Danny Sullivan</a>, <a href="http://500hats.typepad.com/">Dave Mcclure</a>, and others comment that it doesn&#8217;t sound like an inviting situation for potential employees hoping to make their fortunes. But Baher Al Hakim suggests this is a &#8220;a more-realistic financial outlook&#8221; and that there is opportunity to exceed these, because to date they have been so unsuccessful in getting money off their customers.</p>
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