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| [[user:Aron]] Good find and well summarized. Watched the whole video as I was interested in the mood of it. Think Zuckerberg was as sharp as always.
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| In particular I liked e.g. the focus on operational performance and the acknowledgment for the need of innovation in SocMed to stay ahead of the game
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| [[user:PirateCaptain]] Here is the full Interview:
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| -we are in a zone where operating with more efficiency and discipline is going to be more critical(min 4:11)
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| -80% of investments go to core business/family of apps-facebook, messenger, whatsapp, ads related to that, around 20% go to reality labs(from min 5:36)
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| -Within reality laps, Meta spends a small part of investment in social platform, 40% in VR(which is at the same level of what microsoft spent when building xbox), about half or more goes to normal looking glasses( from min 6:56)
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| -How Meta deals with doubters on Metaverse(Min 8:32)
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| -Engagement in family of apps is strong, but hard to track how they are doing compared to competitors like TikTok. However, external data suggest that Reels is about half the time of TikTok globally, outside of China, compared to where it was a year ago, the trends have been good( min 13:21)
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| -Whatsapp is largely untapped in terms of monetizing it yet 2 billion people are using it everyday. That's next platform they will monetize and potential is going to be pretty big over the next few years( min 15:07)
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| -Apple has singled itself as the only company that's trying to control unilaterally what apps get on the devices and that's not sustainable or good(min 15:41)
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| - Social media is a very competitive space (gives TikTok as an example of new entrants that are successful)-min 18:23
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| -On company policies(min 20:25)
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| -On regulations eg there take on Deep fake ( min 22:07)
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| -Hard to judge TikTok's security issue, but he thinks that it poses security issues( 23:42)
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| https://www.youtube.com/watch?v=5wk5WPONF7c
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| https://www.investmentwiki.org/wiki/Meta_Platform_News#:~:text=SI%3D1%25%2C%20I,optimistic%2Don%2Dmetaverse/ [[user:Aron]]
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| Adding to this: Zuckerbergs appear tiered and says he is also spending personally the largest part of the time on the legacy social media suite + metric internally are going well and engagement is strong:
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| https://twitter.com/nytimes/status/1598076937880195083?s=20&t=agmfyJSMJvE53NJ97sxOVg
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| I strongly suppose there that there is no full recording of the conversation out there (yet) but could you still try for around 10 minutes to find something
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| https://www.investmentwiki.org/wiki/Meta_Platform_News#:~:text=SI%3D1%2D2,metaverse%2D11650351.html:[[user:PirateCaptain]] The data on RealityLabs spending in this article is very interesting and maybe the first time those numbers have been shared.
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| Apparently half of the budget is spent on AR, 40% on VR and 10% on Social Plattform like Horizon.
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| Edit: The AR spending part is surprising to me and good news as it means their spending on VR is more efficient than previously thought and their AR product might be better than thought (Given them the benefit of the doubt that they can create something valuable with that money)
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| "Within Reality Labs, the unit was spending over half of its budget on augmented reality (AR), with smart glasses products continuing to emerge “over the next few years” and some “truly great” AR glasses later in the decade, Zuckerberg said.
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| “This is in some ways is the most challenging work … but I also think it’s the most valuable potential part of the work over time,” he said.
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| Virtual reality accounted for more than 40 per cent of Reality Labs’ spending, while futuristic social platforms like the virtual environment it calls Horizon received only about 10 per cent."
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| == Test 2 == | | == Test 2 == |
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