Facebook's CEO Mark Zuckerburg said he was not concerned about the current profitability of Facebook when Speaking at incubator Y Combinator's Startup School, Facebook is focused on gaining users and improving the experience for existing users.
Zuckerberg said that any extra cash is just reinvested in the product, so Facebook is currently still run at "around" break-even level. Zuckerberg said: "There's no point right now in having a massive profit," however, Zuckerberg on Facebook's attitude is changing. He said the Building a company is one of the most efficient ways in the world that you can kind of align the incentives of a lot of smart people towards making a change.
Zuckerberg also talked about the movie "social networking." Zuckerberg acknowledged that some details of the film is real. For example, "every shirt and fleece" in the movie is one that he has worn. But he also pointed out, it's revealing to compare what the movie got right and what it got wrong. He said he founded the Facebook is not for chasing girls, he had a girlfriend Priscilla Chan since before starting Facebook.
However, according to David Kirkpatrick's "Facebook effect", since Zuckerberg and Chan broke up, Zuckerberg had another girlfriend during Facebook's early days in Silicon Valley. Zuckerberg and Priscilla Chan didn't start dating again until 2006.
Zuckerberg said that some of the misunderstanding of the film proved the difference between Hollywood and Silicon Valley. He said: "Hollywood can not understand, it was created just because they like something."
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