Mark Zuckerberg: This is the Biggest Mistake Facebook Ever Made

Facebook founder and CEO Mark Zuckerberg took the stage at TechCrunch Disrupt for his first media appearance since his company’s initial public offering and his first big interview since last year.

In the interview, Mark emphasized and emphasized how crucial mobile is to Facebook. On that front, he also revealed what he considers to be the biggest mistake Facebook has made as a company.

“The biggest mistake we made as a company was betting too much on HTML5 as opposed to native,” Zuckerberg, donned in a plain grey tee, confessed to Michael Arrington. “It just wasn’t ready.”

Facebook is certain that mobile is big. So big, in fact, that it expects to eventually generate more revenue from mobile devices than desktops.

Currently, however, Facebook has barely monetized mobile at all—largely due to the aforementioned mistake. This is despite having more than 500 million active mobile users. Which is why it’s easy to believe Zuck when he claims it was his company’s biggest error ever.

He did point out that he’s remains very bullish on HTML5 long-term. But in the short-term, it isn’t right for Facebook. “Good enough is not good enough,” he said of his social network’s HTML5-based mobile web.

Discussing the IPO—Facebook’s stock has been halved since it debuted on the public stock market in May—Mark suggested that investors simply don’t understand his social network’s mobile strategy well enough. Well, here he tried to explain it. And it seems that investors responded positively to his 30-minute appearance: after Zuck explained his company for the first time post-IPO, Facebook shares rallied nearly 8%.

Check out the full interview with Mark on TechCrunch