Mark Zuckerberg Talks Mobile Strategy in Barcelona

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Feb. 24 (Bloomberg) -- Jon Erlichman reports on Facebook CEO Mark Zuckerberg's keynote speech at the Mobile World Congress in Barcelona, Spain on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

Like this is proof that mobile is a huge priority for tech giants like facebook.

The company is fresh off their acquisition of the messaging platform what's app.

Let's hear what zuckerberg had to save the big price they paid for the service.

By itself, it's worth more than 19 billion dollars.

It's hard to make that case because they have so little revenue but the reality is there are very few services that reached a billion people in the world.

They are incredibly valuable.

This is the one service that gets to a billion people and ends up not being that valuable, i don't think i am.

Zuckerberg spoke about the initiative to connect billions of people to the internet, saying there are economic benefits to providing free internet access to emerging markets.

Listen to what he said about the profitability of this project.

We are near breakeven and have a bit of work to do but we are very early in tuning it, so this is what these partnerships are.

We work with folks and you will spend more than you're making up front.

But from what we have seen in the rate of improvement, we are highly confident we will get this to a point where it will be highly profitable.

When a great group of guests to discuss.

David kirkpatrick will be joining us from barcelona shortly.

Also with us is paul kedrosky from san diego and a former facebook executive, allison rosenthal is here with us in the studio.

It is worth more than $19 billion, but he doesn't know for sure if it's going to be around a year from now?


It is hard to comment on the price because we just don't know at this point.

It is growing at a million users a day.

People are getting onto this service every day am a talking about things they're interested in and chatting with one another.

There is real value to that.

You know more than anyone how difficult it is for an app like this to hit the mainstream and stay there.

I had a guest last week who says he doesn't know what he's going to be using on his phone in five years.

If that's the case, why is it worth it?

It's interesting to look at what was happening when they started.

In 2009, they were the first cross-platform over-the-top messenger to emerge and they own the exhaustion is relationships.

Markets outside the u.s. are growing like crazy and for the past four and a half or five years, they have building, building, building.

It is not going to go away overnight.

The numbers and lines show quite the opposite.

The platform is amazing and the numbers speak for themselves.

What is interesting is not how much business or how many, but what the businesses.

Yes, they are taking money from the carriers, they're just killing the business.

What do you make out when you

This text has been automatically generated. It may not be 100% accurate.


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