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Business Wars

Facebook vs Snapchat - Children of Privilege | 2

Business Wars

Audible

History, David Brown, Business, Management

4.613.5K Ratings

🗓️ 7 October 2019

⏱️ 30 minutes

🧾️ Download transcript

Summary

It's the new millennium and Mark Zuckerberg is bored in high school. He's a prodigious student so smart he's already taking graduate level coding classes at Mercy College. Soon, he's going to build a product that will change the Internet forever. Now he just has to graduate high school.

Evan Spiegel, meanwhile, grows up rich and spoiled. He parties his way through high school and lands in a fraternity at Stanford. But things are about to get serious for Spiegel as Zuckerberg reaches out.


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Transcript

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0:00.0

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0:14.0

May 2012, Menlo Park, California.

0:17.5

Mark Zuckerberg steps out of his office at Facebook HQ onto a paved quad called Hacker Square.

0:23.8

Short, slim and dressed at his trademark dark hoodie in jeans. The 28-year-old Zuckerberg looks more like a college

0:30.1

freshman than a CEO. But on every side, he is flanked by the giant office buildings of the company he is built.

0:38.3

He walks toward the center of the quad to a podium with the Nasdaq logo on it. Beyond it, a giant crowd,

0:45.2

cameras and news crews and hundreds of elated Facebook workers cheer and clap.

0:51.0

He's about to take the company public. The most anticipated tech IPO since Google in 2004.

0:57.0

If all goes as planned, Facebook will raise $16 billion today, nearly 10 times Google's public offering.

1:07.0

Traditionally, IPOs take place at Nasdaq in New York. But there's nothing traditional about Zuckerberg. And today, he's made a public show of it.

1:16.0

Instead of going to New York to ring the bell, he's not going more than a few hundred yards from his desk.

1:23.0

At 6.30 a.m., he steps up to the podium.

1:27.0

All right. Now, I just want to say a few things and then we'll ring this bell and we'll get back to work.

1:37.0

Right now, this all seems like a big deal.

1:41.0

Going public is an important milestone in our history.

1:47.0

But here's the thing. Our mission isn't to be a public company.

1:52.0

Our mission is to make the world more open and connected.

1:56.0

So, on this special day, on behalf of everyone at Facebook, I just want to say to all the people out there who use Facebook and our products.

2:06.0

Thank you.

2:08.0

So, let's do this.

2:14.0

Zuckerberg presses a buzzer on the podium, ringing the bell remotely for the Nasdaq Stock Exchange.

2:20.0

This is the moment every entrepreneur dreams of growing a tiny startup into a publicly traded company worth billions.

...

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