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At Meta, we've been building social experiences for 20 years now. Originally, it took the form of a website, then mobile apps. But the thing is, I never thought about us as a social media company. We're not a social app company, we are a social connection company.
Video is growing very quickly on Facebook. A lot of people compare that to YouTube. I think that kind of makes sense. YouTube isn't the only video service, but I think it's the biggest, and it probably makes more sense to compare Facebook video to YouTube rather than Netflix because that's a completely different kind of content.
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience...This is an important milestone for Facebook because it's the first time we've ever acquired a product and company with so many users.
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.
Facebook is shaping a broader web. If you look back for the past five or seven years, the story about social networking has really been about getting people connected. But if you look forward for the next five years, I think that the story people are going to remember five years from now isn't how this one site was built; it is how every single service that you use is now going to be better with your friends.
When I'm introspective about the last few years I think the biggest mistake that we made, as a company, is betting too much on HTML5 as opposed to native... because it just wasn't there. And it's not that HTML5 is bad. I'm actually, on long-term, really excited about it. One of the things that's interesting is we actually have more people on a daily basis using mobile Web Facebook than we have using our iOS or Android apps combined. So mobile Web is a big thing for us.
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