Facebook CEO Mark Zuckerberg said he hasn't fully worked out yet how the company will monetize its new strategy, though he is optimistic.
Facebook CEO Mark Zuckerberg unveiled his new vision for the future of the company in a 3,000-word note published Wednesday. But in a new interview with Wired, Zuckerberg said he still doesn't know how exactly the new strategy will make money, though he is optimistic about its future.
According to Zuckerberg's new vision, the future of social networking will be more about sharing private and ephemeral messages with a closer group of friends, rather than broadcasting information that could live on a platform for a long period of time to a wider range of people. The strategy lines up with plans Facebook confirmed in January to integrate messaging across three of its properties: Facebook Messenger, Instagram and WhatsApp.
"Keeping metadata around for less time will have some impact, although I'm optimistic that we'll build systems that can basically deliver most of the value with a fraction of the amount of data," he told Wired."But there's a lot more to learn there, which we need to figure out over the coming years as we build this out."
On a call with analysts after Facebook's third quarter 2018 earnings report, Zuckerberg said he believes Stories"is the future." While Facebook has not clearly laid out a monetization plan for that feature either, he said he believes Stories will eventually"be bigger" than the platform's News Feed.
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