The metaverse is a vision that spans many companies - the whole industry. You can think about it as the successor to the mobile internet.

Our vision is that there should be a lot of different AI out there and AI services, not just one singular AI... I think we're going to live in a world where there are going to be hundreds of millions or billions of different AI agents eventually, probably more AI agents than there are people in the world.

Critically, no one company will run the metaverse.

You can think about the metaverse as an embodied internet, where instead of just viewing content - you are in it. And you feel present with other people as if you were in other places, having different experiences that you couldn't necessarily do on a 2D app or webpage, like dancing, for example, or different types of fitness.

I think we will effectively transition from people seeing us as primarily being a social media company to being a metaverse company. And obviously, all of the work that we're doing across the apps that people use today contribute directly to this vision in terms of building community and creators.

We have always tried to concentrate on the long term, and to place bets on technology we believe will have a significant impact over time.