Mark Zuckerberg

Facebook sees video growth but admits it is still ‘well behind YouTube’

Facebook CEO Mark Zuckerberg said the company is seeing video expand dramatically across its ecosystem, but admitted that while its dedicated Watch service is growing quickly it is still “well behind YouTube”.    Speaking on the company’s third quarter earnings call, Zuckerberg reiterated that video is one of Facebook’s key priorities for its core app along […]

Facebook usage time down 5% following updates

Facebook has admitted that recent updates to prioritise personal interactions over posts from businesses, brands and media caused the time spent on the service to drop 5% in Q4. Speaking on the social network’s fourth quarter and full year 2017 results conference call, CEO Mark Zuckerberg said that strategic shift reduced time spent on Facebook “by an […]

Facebook puts focus on video communities, not ‘passive consumption’

Facebook has again emphasised its video ambitions, but said its aim is to foster communities around content rather than encourage “passive consumption”. Speaking on the company’s third quarter earnings call, Facebook CEO Mark Zuckerberg predicted that over the next three years “the biggest trend in our products will be the growth of video”. He said […]

Facebook: video to be big business driver in next few years

Video will be a much bigger driver of Facebook’s business in the next few years than Facebook Messenger, according to CEO Mark Zuckerberg. Speaking on the company’s second quarter earnings call, Zuckerberg said that Messenger and WhatsApp are a huge opportunity and are services it will invest a lot in over a three-to-five year period. […]

Facebook makes AR push, launches VR app

Facebook signalled a major push into augmented reality and launched a VR app for communicating with friends at its F8 conference yesterday. Speaking at the developers event in San Jose, California, Facebook CEO Mark Zuckerberg announced Facebook’s new Camera Effects Platform, which is designed to giving developers the power to build AR tools. “If you […]

Facebook to expand dedicated video efforts

Facebook is due to roll out its dedicated Video Home section widely across the service and could consider launching it as a standalone app in the future. Speaking on the company’s third quarter earnings call, CEO Mark Zuckerberg said that while there are no current plans for a standalone video service, other Facebook services have […]

Facebook pledges another US$250m for VR content

Facebook has pledged a further US$250 million to fund the creation virtual reality content including games and videos. Speaking at the Oculus Connect 3 (OC3) conference in California yesterday, Facebook founder and CEO, Mark Zuckerberg said that with the new investment the social network is doubling its commitment to VR. “I am proud to announce […]

Facebook boss details ‘video first’ focus

Facebook CEO Mark Zuckerberg stressed the company’s commitment to video as the company announced bumper second quarter results. Detailing its figures for the three months ending June 30, Zuckerberg said “we’re particularly pleased with our progress in video as we move towards a world where video is at the heart of all our services,” and outlined […]

Facebook: more than 2m hours of Gear VR video consumed

More than 2 million hours of video have now been watched on Oculus-powered Gear VR headsets, according to Facebook CEO Mark Zuckerberg. Speaking on Facebook’s first quarter earnings call this week, Zuckerberg said that virtual reality (VR) is going to be “the next big computing platform”. However, chief financial officer David Wehner cautioned that, despite […]

Facebook boss predicts 10-year development time for VR ecosystem

Facebook CEO Mark Zuckerberg predicted it will take “at least 10 years” for the Virtual Reality ecosystem to be built out, but said he is confident VR will be an important technology. In an interview for Die Welt newspaper with Mathias Döpfner, the CEO of German media group Axel Springer, Zuckerberg likened the rollout of VR […]