Stephen Scheeler - Interviewed by Alan Kohler - The Spotlight Podcast - The Constant Investor

Published: February 7, 2017
Have you checked your Facebook page today? Hopefully, you’re keeping an eye on The Constant Investor group and joining in our weekly live stream. Even if you’re not on Facebook, chances are you’ve been invited to sign up several times and seen many pages that are on Facebook.
To give us all a better understanding of what this thing is that consumes so much of our time these days, Stephen Scheeler, the MD of Facebook in Australia and NZ is in The Spotlight. He explains what it is, how it works and most importantly, how businesses are using it to their advantage.
Listen to the full podcast here:
theconstantinv...
====================
Transcript:
Alan Kohler: In 2003, the world changed.
Stephen: There was no iPhone, we were a desktop business.
Alan Kohler: I’m talking about a young Harvard sophomore named Mark Zuckerberg writing a programme called Facemash. To do it he had to learn the University’s network and copied private ID’s for which his site was closed down and he faced expulsion. Eventually, the charges were dropped and Mark Zuckerberg went on the following year to launch a new website he called Facebook.
Stephen: As you know Facebook isn’t just the Facebook blue app, we also have Instagram, and WhatsApp, and Messenger. That’s because we recognise there are different ways people want to communicate.
Alan Kohler: 13 years later Mark Zuckerberg is 32 years old and worth more than $50 billion dollars and Facebook is valued at $380 billion. The Australian CEO is Stephen Scheeler and he is this week’s spotlight.
Stephen: Every Friday we have a company Q&A where Mark gets up and tells you pretty much everything he’s doing, working on, what’s on his mind, big projects that are going on in the background.
Alan Kohler: The Spotlight on theconstantinvestor.com every Tuesday.