David Rosenthal: belief

Transcript context

…But let’s be conservative. That leaves about 450 million people or 6% of the human population who have access to the Internet but are not yet Meta monthly actives. That doesn’t mean they’re not Meta users. That just means they weren’t monthly active users as of the end of the last reporting period. Meta’s addressable users who aren’t yet users is less than 6% of humans. Just wild. And then still, I think the craziest thing about the company is that if you look at the daily active user figure, it’s not that much lower. Right, and across all products. So once you frame it this way and you’re like, huh, there’s only 6% of the population left either through reactivation or signing up that they could get, you understand why they put so much effort behind emerging markets, behind doing things like zero rating, doing custom deals with telcos, rolling out fiber, bringing countries online for the first time even when they have no near-term monetization potential. internet.org was the name of their initiative for a long time around this to basically say, look, we are saturating humans. We got to figure out how to get more humans on the Internet.…

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