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Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley Full Money.

It's the Motley Full Money Radio Show. I'm Chris Hill.

This week we're at the Motley Full's annual meeting.

So later in the show we're going to revisit our interview with statistician Nate Silver.

But first, at a recent member event in Boston, Motley Full's CEO Tom Gardner sat down with David Kirkpatrick, author of the Facebook event.

So let's just start with this. Just a little historical trip back.

What happened with the IPO? Facebook? What, why was there so much doubt?

Why, why did the stock get more than cut in half? And what were you thinking and saying back then?

Well, I've been a believer in Facebook since fall of 2006. And I still am as a force for that's going to continue on an upward trajectory in many dimensions.

So to me, that was relatively insignificant in the larger picture.

It was at the time because they were perceived not to get mobile.

At least after the IPO, there were some, I think, references in the prospectus that made people think there were some things that they hadn't gotten together regarding mobile.

And it's highly ironic and retrospect since they ended up being the company probably that figured out mobile better than anyone.

And it actually is indicative of one thing about the company in Zuckerberg that they don't mess around when they think they need to make a change.

They're not like complacent people. Andy Groves said only the paranoid survive. And some of the companies that we know and love the most are the ones that most internalize that notion and Facebook is definitely one of them.

So they weren't ever worried that they, that they couldn't get it, but they were worried that they hadn't gotten it yet and they got very, very serious and then they killed it.

Last time we talked on camera in 2014, we both were agreeing that we believe Facebook will ultimately be a company with a larger market capitalization than Google.

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