i sat down with brad stone who conducted the interview to talk about his plans for facebook's future and his own self-reflections. >> gone through a lot of self-reflection, he said. not just the two anniversaries that you mentioned but also that it's been ten years since his first date with his wife. he said he spent a lot of last fall typing up thoughts. on his phone of course. a couple things jumped out to me being surprising. one, they're talking a lot about this today. a new kind of mobile strategy. they put obviously over the first decade a lot of emphasis on the social network. going forward they've introduced this initiative called facebook creative lab. they're going to be doing more aps. a news reader called paper. but he wants to be more flexible about the way people use facebook's products. >> so is it like a twist on flipboard? >> of course i mentioned that as well and they don't want to consider it a clone. it has some unique features. they're doing interesting things with it. but very much like flipboard. visually interesting. we can consider it to be a news reader like

i'm here with our special guest, brad stone.alking about fitness right now, and the health and wellness software that has raised $50 million. the company helps gyms and health clubs manage their class schedule through their web and mobile app. studio, talk about what you do? system as an erp for these local businesses and behold a beauty scepters -- sectors. we have all of these services that enable you to live a better life. personal trainers, nutritionists, your yoga studio, all of these businesses that we serve. >> does this put you on the road to an ipo? >> the funding is going to help us accelerate article that our latest web and mobile products. we have assembled the largest network of the help and pity practitioners in the world, over 500,000 records nurse in a hundred countries. these folks are doing about 25 million sessions a month in our system with about $1.5 billion -- $.5 billion a month. you'll see mind-body connect, both in the android in itunes store. you can manage your account with them, your schedules, as wel

i sat down with brad's dona -- brad stone who conducted the interview.ust the two anniversaries, it is been 10 years since his first date with his wife. fall typingt things. one of the things that jump that newe a surprising, and a kind of mobile strategy. they put a lot of emphasis on the social networking site. going forward, they have creative labs and they will be doing more apps. flexibleto be more about the way people use facebook's product. >> is a twist on clipboard? >> didn't want to consider it a clone. it has some unique features. they're doing some editing things with it. it is a way to look at friend updates and articles and -- in visually interesting ways. it is a newsreader like clipboard. it has no the clutter of other facebook features. >> you have to be a facebook user to use these apps? >> that was a larger point that jumped out to me. there was so much emphasis on real identity. serviceshed as rival got a lot of momentum and allowed users to use pseudonyms and not their real identities. there is some flexibility on instagram. he was v

on the chin here, squandering billions of dollars in shareholder assets. >> i want to bring in brad stonend samsung had a broad licensing deal. the you think there's anything more to that deal? is google going to ask samsung to use the android operating system? >> i think they gave samsung incentive to do that by selling motorola. i love the cory's math. they spent $4 billion in cash and they gave themselves a hedge for patent protection on android. the patent fights were more than they are now. all that has been said and done, this worked out well for google. they probably overstretched themselves in thinking they could redefine the mobile phone industry. they got patent protection and they moved on. investors are happy that they got rid of what looked like a tangential investment area. >> is this a misstep? >> i agree with mark. they deactivated a bomb in the form of some destructive litigation. they did have ambitions around turning motorola into a preeminent android handset manufacturer and turning google into a hardware maker. they hired somebody to run it. they were staffing up in s

brad stone, did you know amazon had an ongoing commitment?y have been doing it during the app store and kindle fire. getting into the publishing and creation of games is a little bit new. i look at it as running the same playbook. the top 10 most popular ebooks, some of them are published by amazon. there are 10 great new pilots. it is in books, video, and now games. >> the technarati -- nerds who cover -- >> are we? >> yes. you feel the speculation, proof that they will make their own game console. there was similar speculation about the eu reader. do you think this is like all of the other speculation or is this kindle? >> it is likely. we broke that story. it was more of an entertainment device, set top like a roku. they are repositioning slightly as an entertainment and they gaming device. it's another foundation when you can build and did officers significant differentiation between an apple set-top box or a roku. >> how has amazon prime gone? the trick is to have it on the box. >> prime, video on demand, being built into tv's. only appl

i am here with special guest host brad stone.king about fitness right now, and the health and wellness software divider mind-body, which has helped raise $50 million. the company helps jim's and health clubs manage their class schedules. they book appointments through their web and mobile apps. rick strohmeyer is with us in the studios. tell us a little bit more about what you do? do all the services that enable you to live a better life. talking about personal trainers, nutritionists, so once you go to. these are all the kinds of businesses we serve. >> what does the funding enable you to do? >> this will enable us to accelerate our development of web and mobile products. we have assembled the largest network of health and beauty product for petitioners in the world, and more than 100 countries. these folks are doing about 25 million sessions a month, worth about half a million dollars a month. we are marketing and bringing out a set of consumer apps. you will see mind-body connect. it will enable you -- if you go to yoga, you c

ahead of the company's 10th anniversary, brad stone sat down with mark zuckerberg and they talked about the future, including this new app that allows users to read and write the news from an iphone. going to produce lots of independent standalone apps first of that. the first one, kind of a newsreader, flip board like, but what's up -- what zuckerberg told us, they want to do more than of these things. -- peoplehodoxy should use their names, they should be on this big app called facebook with the newsfeed at the center of it. he seems to be flexible now, understanding the different segments, that teenagers have a different way they want to share, so they want to create different environments to satisfy everybody. the service is so big, 1.2 billion people around the world, it is hard to move the ship in one direction and move everybody along. that is part of the app strategy , not having to change the furniture in people's homes every time they go to sleep. zuckerbergke to about the transition to mobile. >> he said that was a product that was really the last product developed for next -

brad stone was talking about that last week.s is a big deal if your fee structure changes because the broadband player requires a lot more money, all of the sudden you have to revisit the terms. >> in terms of the cable landscape, what does it mean? on thelix just a channel cable dial? >> this is a lot more about internet infrastructure and the way the service gets delivered. cogent does. they are sort of the middleman. >> think of it as the on ramp or express lane. it helps take the content from netflix and the user. you're going to jams much content on a throw, you're going to pay extra. net neutrality rules said that would not be legal. that has been thrown into the air by a court decision where comcast will be a decider as to what kind of content you can get and who you can get it from. that has profound implications for business, users, freedom of speech, it's a huge deal. >> what does this mean for users? what does it mean for me? >> i think netflix customers may be wondering if the bill they pay for netflix goes up. that'

. >> brad stone has 60,000 followers on twitter.is because of the covers for businessweek. president obama's new budget has -- is interesting for what it does not include. that is next on market makers. >> remember the good old days when there was the thought of a grand bargain in washington? president obama's budget blueprint will not include any entitlement reform. this is a key republican demand. peter cook is with us in new york. what is the message here? >> the message is it is an election year and it is time to strip democrats and get their support for a budget would print very and it is not going anywhere in congress anyway, so why not make one. make it more appealing to democrats than it does to republicans. it reflects the budget environment. we have a deal that sets spending levels. there's not much the president to do anyway at the margins. just a partyly internal propaganda. >> it is always the ideal version of the way to spend money. the congress rips it up. it is a blueprint for setting the agenda. is --e is doing this