In the company’s first 10 years, Mark Zuckerberg transformed Facebook from a college side-project into a multi-billion dollar platform.
Along the way, Zuckerberg was given many opportunities to exit. He was offered $75 million from Viacom in the very early days, and then $1.5 billion later on (including $800 million cash up front). Yahoo also missed out on making a deal after having its $1 billion offer rejected in 2006.
Zucks kept to his guns, even despite significant pressure to sell. As Peter Thiel recounts, Zuckerberg didn’t know what he’d do with the money, and would likely just start another social networking site anyways.
Baupost's investment process involves "never-ending" gleaning of facts to help support investment ideas Seth Klarman writes in his end-of-year letter to investors. In the letter, a copy of which ValueWalk has been able to review, the value investor describes the Baupost Group's process to identify ideas and answer the most critical questions about its potential Read More
Given his vision for Facebook and an obvious passion for connecting people, it’s not surprising to learn that over the next 10 years, Zuckerberg plans to execute just as ambitiously.
Today’s infographic comes from Futurism, and it details Facebook’s masterplan to potentially make the company a $1 trillion colossus. It’s worth noting that Facebook is technically already about one year into the 10-year plan, and that the infographic has been updated to include the latest developments in the company as of 2017.
Here are the ambitious plans that the company hopes to bring to a reality:
- Use solar-powered drones to beam internet access to Earth.
- Build hardware that will boost internet connectivity in dense urban areas.
- Launch a satellite to help provide internet access to Africa.
- Enable artificial intelligence to learn about content. (ie. what a video or image is all about.)
- Train neural networks through Facebook’s open source Torch system.
- Build VR/AR headsets that look like a normal pair of glasses.
- Work on new social experiences using virtual reality as a social platform.
- Continued development of the Brain-Computer interface project to allow users to “type” with their thoughts.
The latter of these plans was just announced just last week, and it involves a team of 60 engineers working to find a way to translate your thoughts into Facebook updates.
Using non-invasive optical imaging to scan your brain a hundred times per second, eventually the goal is to allow people to “type” at 100 words per minute, a 5x increase over normal phone typing speeds.
Article by Jeff Desjardins, Visual Capitalist