Mark Zuckerberg: prediction

Transcript context

…It's not making that much money. I'm gonna play Mark back to you, sure of it's not appropriate to have all these people and resources working on things for more than the stage warrants. I'm being a little facetious here, but I'm curious how you, why you categorize it differently? I mean, well, I think some of the stuff, by the time you're at the scale that we're at, is also just about like, what do you want to do over the next 10 to 20 years and what do you think are going to be important? And you know we were talking about making your own luck and all that and how you know it's like I think there are some broad strokes that we can have a sense of where things are going. I'm pretty sure glasses and holographic presence and AR is going to be a completely ubiquitous product, right, it's just like everyone who had a phone before replaced it with a smartphone and then a lot of more people got smartphones. If all we get is all the people in the world who already have glasses upgrading to glasses that have AI in them, then this is already going to be one of the most successful products in the history of the world, and I think it's going to go a lot further than that. So I know there's that. There is the thing about controlling our own destiny. It's strategically valuable. You know we did this calculation or estimate at some point where it's like how much money do we lose from our core family of apps to the various taxes that the platforms have to like, when they tell us we can't run the ad business the way that we think we should be able to. When they tell us we can't ship certain products, that way people use the things less or like them less, and it's hard to exactly estimate it. But I think we might be twice as profitable if we own the platform or something. I think from that perspective that's worth a lot, just from a pure dollars perspective, which is not primarily how I come at this stuff. But even now I've learned a thing actually since the Yahoo days. So now I at least am able to. I might not be able to convince all the investors that we should be investing to the extent that we are in Reality Labs if I didn't control the company, but at least I can sort of articulate a case for why I am confident that it's going to be good over time. But for me it's always been way more about the product experience and what you can enable and build. And you know, one of the shifts and this is sort of like a values shift over time is, you know, one of the things that some of the early Oculus guys used to say to me that 'there's a difference between building good things and awesome things'. And good is good, right, it's helpful. It's useful. It's things that people use on a day-to-day basis because it adds something to their lives. But 'awesome' is different. Awesome is uplifting and inspiring and just leads you to just be way more optimistic about the future, and it's just like this uplifting thing about humanity. And so I think a lot of what we've done with social media so far is very good. We've built these products. More than 3 billion people use them on a near daily basis. It's like 3.3 billion on a daily basis.…

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