Facebook CEO Mark Zuckerberg has admitted that his company's stock market drop has been "disappointing," adding that they "care" for their shareholders.
Zuckerberg spoke at an onstage interview at the TechCrunch Disrupt conference in San Francisco Tuesday. It was his first interview after the company went public with its initial public offering, BusinessWeek reported. Zuckerberg talked about his company's mistakes and future strengths.
"The biggest mistake we made as a company was betting too much on HTML5 rather than native... We burned two years on it. It is really painful," he said.
Zuckerberg said that his company was now leaning toward becoming a mobile company.
"Now we are a mobile company... Over the next three to five years I think the biggest question that is on every one's minds, that will determine our performance over that period, is really how well we do with mobile."
He explained that a greater number of people were accessing Facebook through mobile devices and that was where they wanted to make money.
Zuckerberg said that he was not going to build a smartphone as rumors suggest.
"We want to build a system that is integrated into every single device that people use."
Facebook recently introduced a Facebook app update for iOS which he said was in "good shape," promising there would be an update for the Android Facebook app "soon," PC Magazine said.
The CEO of Facebook also revealed that he did not plan to make Instagram a part of his infrastructure, but it would get priority treatment and access to the Facebook code, according to PC Magazine.
Zuckerburg said the company's focus would be on search with Facebook working on improving its search within the site.
"Search engines are really evolving towards giving you a set of answers," he said. "I just want to build good stuff."
