Mark Zuckerberg

Yeah, and I was like, all right, OK.

Yeah, and I was like, all right, OK.

You know, but the thing is, it was actually pretty clear what we needed to do. I think strategically, a lot of the time, it's somewhat harder to know what to do when you're winning. When stuff is going well, it's like, what is the next move to go from winning to winning more? But when you're losing, it's usually pretty clear what you have to do.

You know, but the thing is, it was actually pretty clear what we needed to do. I think strategically, a lot of the time, it's somewhat harder to know what to do when you're winning. When stuff is going well, it's like, what is the next move to go from winning to winning more? But when you're losing, it's usually pretty clear what you have to do.

And I think a lot of it is just, do you have the pain tolerance to go do it? So a lot of this was like, all right, the team was like, OK. well, we're going public and investors really aren't going to like this if we are not making money for a year and a half. And it's like, well, a year and a half is short in the grand scheme of things. Let's do this. And we did it.

And I think a lot of it is just, do you have the pain tolerance to go do it? So a lot of this was like, all right, the team was like, OK. well, we're going public and investors really aren't going to like this if we are not making money for a year and a half. And it's like, well, a year and a half is short in the grand scheme of things. Let's do this. And we did it.

And it was a painful year and a half. And then we came out of that and we were in great shape. So I think people inside the company had felt a lot better sooner because it was pretty clear to people that we were doing the right thing. And they knew that we were executing in a responsible way and basically focused and we're doing the right thing.

And it was a painful year and a half. And then we came out of that and we were in great shape. So I think people inside the company had felt a lot better sooner because it was pretty clear to people that we were doing the right thing. And they knew that we were executing in a responsible way and basically focused and we're doing the right thing.

But I think it's actually when you have something that's working well and you're on one local hill and you need to jump to another hill, that's the stuff that's really culturally hard. But this one I think was, it was not fun. There have been a period, a series of periods throughout the company that were not, I don't know, not the most fun periods.

But I think it's actually when you have something that's working well and you're on one local hill and you need to jump to another hill, that's the stuff that's really culturally hard. But this one I think was, it was not fun. There have been a period, a series of periods throughout the company that were not, I don't know, not the most fun periods.

Although that one, in retrospect, looks pretty good in retrospect. It's not that bad. It's like your market cap only got cut in half for a year and a half. Great. Great. Yeah, I'll take that.

Although that one, in retrospect, looks pretty good in retrospect. It's not that bad. It's like your market cap only got cut in half for a year and a half. Great. Great. Yeah, I'll take that.

I mean, there's so many things that we've messed up that there are many criticisms that are legitimate. But if that was a year and a half mistake, I think one of the things I reflect on over the last 10 years or so was the political environment just changed dramatically.

I mean, there's so many things that we've messed up that there are many criticisms that are legitimate. But if that was a year and a half mistake, I think one of the things I reflect on over the last 10 years or so was the political environment just changed dramatically.

Before 2016, there was not a month that went by, except for maybe this IPO period, where the sentiment about the company was anything but positive. And then after 2016, after the election, basically there was not a month for a while where the sentiment about the company was positive. And I think so much of this stuff is... correctly understanding your place in the world and in history.

Before 2016, there was not a month that went by, except for maybe this IPO period, where the sentiment about the company was anything but positive. And then after 2016, after the election, basically there was not a month for a while where the sentiment about the company was positive. And I think so much of this stuff is... correctly understanding your place in the world and in history.

And so I think we talked about before how it's like, I think we understood that we are a technology company and that you have to be a technology company to build this kind of thing. I think we understood that we're not a social network company, we're a human connection company, and that will take different forms over time. The political environment, I think I didn't have much

And so I think we talked about before how it's like, I think we understood that we are a technology company and that you have to be a technology company to build this kind of thing. I think we understood that we're not a social network company, we're a human connection company, and that will take different forms over time. The political environment, I think I didn't have much

sophistication around, and I think I just fundamentally misdiagnosed the problem. So I think that there was this basic challenge, and there were a lot of things. I don't wanna simplify this too much. I mean, there were a lot of things that we did wrong, there were some things that we did right, but I think one of the things that I look back on regret is I think we accepted,

sophistication around, and I think I just fundamentally misdiagnosed the problem. So I think that there was this basic challenge, and there were a lot of things. I don't wanna simplify this too much. I mean, there were a lot of things that we did wrong, there were some things that we did right, but I think one of the things that I look back on regret is I think we accepted,