Diane Sawyer Interviews Mark Zuckerberg (VIDEO): Facebook CEO On Privacy, Charging Users, And 'Facebook Movie'

WATCH: Facebook CEO Grilled On Privacy, Charging Users For Access, And The 'Facebook Movie'

ABC World News' Diane Sawyer interviewed Facebook CEO Mark Zuckerberg at the company's Palo Alto headquarters Wednesday, the same day the social networking site celebrated the major milestone of reaching 500 million users.

Sawyer questioned Zuckerberg on privacy, the ownership lawsuit his company is battling, charging for access to Facebook, and what he thinks of the forthcoming movie about Facebook, The Social Network. (See video below)

Zuckerberg said his journey from founding "The Face Book" as a Harvard undergrad to celebrating Facebook's 500 millionth user was "surreal."

The CEO wasn't specific on what's next for the site, but he emphasized the priority he places on the speed of innovation--and being "bold." "We can always be innovating more, doing more things," he said. "I'm just an impatient person, right." He added, "We love moving fast, and being bold, and kind of making those big things."

A few highlights from the interview: (transcript from ABC World News. Read the full interview here)

On an IPO:"What we're most focused on is just building these tools that help people stay connected with the people that they care about. And at some point along the path, I think it'll make sense to have an IPO. But we're not running the company to do that. We're running the company to serve more people." On the ownership lawsuit brought against Facebook by Paul Ceglia, who claims to own 84% of the company:"If we said that we were unsure, I think that was likely taken out of context. Because I think we were quite sure that we did not sign a contract that says that they have any right to ownership over Facebook." (WATCH)On charging users:"Our commitment to users - and the people who use our service is that Facebook is a free service. It's free now. It will always be free."

On the "Facebook movie," The Social Network:"I just think people have a lot of fiction. But, you know, I mean, the real story of Facebook is just that we've worked so hard for all this time... I mean, the real story is actually probably pretty boring. I mean, we just sat at our computers for six years and coded." WATCH:

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