For the first time we're allowing developers who don't work at Facebook to develop applications just as if they were. That's a big deal because it means that all developers have a new way of doing business if they choose to take advantage of it. There are whole companies that are forming whose only product is a Facebook Platform application.

The competitor to be feared is one who never bothers about you at all but goes on making his own business better all the time.

This is a fantastic time to be entering the business world, because business is going to change more in the next 10 years than it has in the last 50.

Everybody loves convenience, everyone wants to save time. But we had built a business called the Supercenter business that was one stop shopping that helped people save time and you had instant gratification because you could walk in the Supercenter and you could get 120,000 SKUs, and they were the best items from around the world.

The stores and the things like that, the business side of things came out at the point when, I'd say probably in the early '70s, it looked like the year of the singer-songwriter was over, 'cause music changed in our time and the spotlight was out.

To be clear, we take these financial outputs seriously, but we believe that focusing our energy on the controllable inputs to our business is the most effective way to maximize financial outputs over time.