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Silverback Social founder Chris Dessi on what we can possibly expect from the social-media giant.
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-- announcement joining us now is Chris -- -- social found -- and Chief Executive Officer alright Chris let's go act.
Idea he could be a search engine from FaceBook and you sidewalks it could be and I think that that's a good indicator I think the fact that it -- they're even having this announcement is wonderful news means that Mark Zuckerberg is put on his big boy pants.
He realizes now that he has a fiduciary responsibility QE shareholders.
And he needs to have announcements like this.
We are thinking when he says come see what we've built that it's not going to be hard right now there's a lot of speculation now yeah that that's -- -- be a phone a -- and -- you dismiss info on this obviously thought.
I'm gonna go ahead numbness -- dismissing fun although I'd love to see something that I could hold.
When Mark Zuckerberg says and building something he's.
The talking about within the FaceBook ecosystem I would love to see I would love to see a mobile.
Add network people who with yes.
You got to straighten out rather some mobile and at what debt would most people don't realize is that 14%.
Of Facebook's ad revenue is mobile and this is -- people say.
-- need to build.
-- -- phone but I don't think that this is the direction that they're gonna go they're trying to monetize the mobile contact.
We also believe they're willing what what what -- -- And net world do.
FaceBook was built on the premise that they would allow individuals publishers and application developers can make money along with them on the FaceBook platform.
We believe that this is is like ice behind and it could behind FaceBook and this is the weighted -- they're gonna build this ad network so that everybody in everybody else.
Within this ecosystem can continue to monetize a long.
We feel OK so you created that we'll create the S have a global everybody gets real self and -- and everybody -- money out of it still is -- -- is just my opinion look at this is where I believe that they're going it's also announcing that it if that was it if it wants that it was a -- -- -- network as you put it.
You think that's a big -- -- I think it's a big winner I still think however and for the general public an announcement like this is a little risky because people are expecting something that they can grab that consumers can purchase tangible because previously you know we're used to you know apple making big announcements like this the big big big new product and you get to see something and hold it.
And have -- interaction you know you know experience with it.
I don't see this this being that that that type of announcement for FaceBook but I do see it being a good thing for the FaceBook.
General question.
Yes FaceBook just to me and -- I'm not a big -- to use it okay.
FaceBook seems to me a bit like apple in that right he's losing some of its cool would lose -- losing luster we're hearing this we're hearing that for the younger set.
High school kids.
Preteens that basically it has become a little bit like the living room right now you don't -- -- -- -- Florida -- -- you agreement this is losing Sony I believe they're still there.
But they're not interacting with it as much as they used to be using things like social chapter using things like snapped chat pardon me using Tumblr.
Some of them are even migrating away from Twitter so they're still on FaceBook they're putting on -- happy faces like the living room in the house.
The cool kids that wanna hang on the Letterman wanna hang on the basic -- are still there so.
This announcement yes really should be geared towards investors.
As opposed to uses I believe I fell and that's where the sentiment is gonna be.
Most likely a bit of a disappointment because they're not gonna see the iPhone -- not gonna see the product for the consumers this is.
As I said Mark Zuckerberg but -- responding to his fiduciary responsibility in addressing the actual market.
You got ten seconds to answer yet if you want -- I'll be on the spot -- ability dollars and small change that he that in change you buy it.
Now I think before the announcement of the -- offline -- would you do it I think I would be 87 I was here in August the woman -- -- nineteen -- -- -- -- bullish on FaceBook I'm still bullish on FaceBook they have information -- a billion users they're not going anywhere they're gonna continue to reiterate -- disclosed -- you wanted to -- so okay -- it -- -- -- -- -- that -- that's an excellent stuff I give -- thanks so much rather.
I want to bring in -- call.
I want hope to unit call about.
Coolness because you just went on FaceBook and it is open up the FaceBook page is right -- -- -- -- Is it -- yes -- and.
Five years later well I think it's really cool and I think a lot of people say on it however.
I think with the younger -- They are keeping their Facebook's but moving on -- other things such as aims to -- which Facebook's meant about billion dollars on.
You know they started saying lifted -- my aunts and uncles and -- -- on FaceBook that need to be on some -- as well yes that's -- because.
I think it nickel implicated I I gotta tell you.
My kids wouldn't be caught dead on any website that on it was okay is that simple just see it go away dad is simply expect.
But I and I thank all our Barney viewers -- -- writing to me all the time but that I look at it everyday day.
All right I gotta go back to full.
Opened below 500 minutes ago giving an update please McAuliffe you got it's right we thought below the 500 mark right now it's still underneath 50 look at that -- in early June.
The old how -- talk about a lack I -- they were Facebook's really Indian focused in the white and we talk and no more cutting the price target at 530.
But I have three comments and -- Sterne -- and RW Baird saying I have the opportunity.
Throughout earnings should be strong -- likely get a beat the street with earnings per share -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Yes I'm gonna go buy it because it's so beautiful apple is something that I use of obsessive about I think it's fantastic -- The US and if I go to disclosed -- -- it.
But if not home yeah that's going to be Williams got another -- benefit by the -- I'm -- new.
