In a frank message posted on Facebook’s 14th birthday, Facebook CEO the man that helped build the world’s most popular social networking services admitted that along the way, he’d made “almost every mistake that you can imagine.”
Facebook CEO and co-founder Mark Zuckerberg said in a post on his social network that he wanted to take a moment “to reflect on how far we have come from that dorm room at Harvard and how far we still have to go to carry the world closer together.”
Showing a degree of honesty that some may find surprising for the boss of a major business, Zuckerberg said that when he started Facebook at the age of 19, he “didn’t know anything about building a company or international internet service.”
Among the myriad of mistakes he confessed to making over the years were “dozens of technical errors and bad deals.” He also said he “trusted the wrong people and I have put talented people in the wrong roles,” adding, “I’ve missed important trends and I’ve been slow to others. I’ve launched product after product that failed.
But having built the biggest social networking site in the world — one with more than two billion people monthly active users — Zuckerberg has clearly made a few wise decisions in that time, too.
Indeed, some of those decisions led to Facebook raking in a shade under $13 billion in revenue for its most recent quarter, resulting in a $4.3 billion profit.
Mark Zuckerberg’s word: ‘We’ll fail again and again’ meaning.
The Zuckerberg said the mistakes are part and parcel of the company’s success, and says he knows “full well that we’ll fail again and again,” adding that such falls is “the only way to make progress.”