Mark Zuckerberg Reports The New Quarterly Updates

Mark Zuckerberg Reports The New Quarterly Updates
October 31, 2018 admin

On Tuesday 30th of October, Mark Zuckerberg, Founder of Facebook and Chairman, WhatsApp, as well as Instagram, released a new update detailing the journey so far and what to look forward to from Facebook, Instagram and WhatsApp in the future.

Though Mark talks about the company’s plans for messaging and stories, videos from IGTV and the Watch feature and also concluded with their plans for 2019.

He reveals, for the first time, the number of people who use at least one of the apps each month. As it is believed that is a better way to measure the community over time because so many people use more than one of our apps.

There are now about more than 2.6 billion people using Facebook, WhatsApp, Instagram, or Messenger each month, up from around 2.5 billion last quarter. And now, on average, more than 2 billion people use at least one of the services every day.

Also, he discusses the strategy overall as they navigate challenges and opportunities on several fronts. For one, they’re seeing the way people connect shifting to private messaging and stories. They have great products that people love, but it will take some time for their business to catch up to the community growth.

However, they’re seeing video grow dramatically across the ecosystem, and while Watch is now growing very quickly, they’re well behind YouTube and still working to make this a unique people-centric experience. They continue to face increased safety and security threats and have significantly improved the systems, but still have more to do.

If the last 10 years have been about friends and family, then the next 10 years will be about our communities as well. When we say communities, he means both helping people connect with people who share their interests — which is a major need in people’s lives — and also building out specific services for bringing people closer together — like helping you find someone to date, or find a job, or buy and sell things, or grow your small business, or create an event, or start fundraisers, or bring together a group to volunteer.

A lot of these services are growing quickly. Hundreds of millions of people now belong to meaningful communities that are a central part of their social support structure.

He added, in the last month they’ve had a serious security issue. However, the team did well to find and close the vulnerability quickly, but there’s still a long road ahead to prevent these kinds of attacks in the future.

Although, there’s still a lot of work to do as News Feed continues to be very important. We’re building the best messaging and stories and community tools in the world. Our video services are getting better and growing quickly. We still have a lot of work to do on safety. And we’re also heavily investing in AR and VR, as well as hardware for bringing people closer together — like Portal for video presence, and Oculus Quest, the all-in-one VR experience that delivers Rift-like quality with no wires attached.

Finally, Mike said, With all of this ahead, I expect 2019 to be another year of significant investment. Overall, this has been an important year. It’s been a tough year, but we’ve built products that I’m proud of and made a lot of progress on some of our hardest issues. As always, I appreciate your support and thank you for being part of this journey with us.


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