Facebook CEO Mark Zuckerberg unveiled a 10-year roadmap for his company at the F8 developer conference in 2016. At that time, he said the company would spend the first three years expanding the core Facebook ecosystem.
What will Facebook stock be worth in 10 year?
For the first five years, Zuckerberg Facebook wanted to focus on the growth of six main products: video, Messenger, search, groups, WhatsApp and Instagram. To date, we have already seen Facebook update the six products. Launched his video platform Facebook Watch, expanded Messenger into an integrated services platform, added “universal search” across its network and tested “subscription groups” that allow administrators to charge users for exclusive content. He also launched the Workplace for Business and expanded its market.
Review of the 10-year Facebook roadmap
According to Fool.com Analyst Leo Sun, to make money on WhatsApp, Facebook introduced ads and a commercial API for secure messaging. Meanwhile, Instagram has generated higher revenue with multiple ads and regular publications. Instagram also cloned many of the brand’s characteristics of the competition, including ephemeral messages, filters and video stories that increased its popularity among teenagers. However, recent departures from WhatsApp co-founder Brian Acton and Instagram founders Kevin Systrom and Mike Krieger show that their development is not going well.
Facebook also sees its artificial intelligence technologies improve in the tenth year. This means that the platform can recognize images more easily, filter out false news stories and hate speech more effectively and even produce better chatbots and virtual assistants.
Is Facebook’s long-term growth still intact?
The bears believe that Facebook’s current issues cannot contain human moderators or artificial intelligence algorithms. Also, they think that dynamic changes made on WhatsApp and Instagram could alienate long-term users of applications.
Facebook’s growth momentum must continue
Analysts do not offer 10-year estimates, but Facebook’s growth momentum must continue as it follows its 10-year growth plan. Facebook’s “death” reports have been much exaggerated and could go much higher in the next ten years.
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