Mark Zuckerberg wants to build WeChat for the West

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 92%

United States Headlines News

United States Latest News,United States Headlines

It will revolve around turning the social network’s messaging services into something akin to a Chinese mega-app

IN HIS SPARE time Mark Zuckerberg likes to run. In 2016 Facebook’s boss pledged to cover 365 miles that year and, ever the overachiever, completed the challenge by July. He does not practise martial arts, but his almost discomfiting poise could lead you to mistake him for a master of something like aikido. That would be appropriate, for in his professional life Mr Zuckerberg is trying to turn his opponents’ energy against them.

Mr Zuckerberg expects migration from the online “town square” to a digital “living room” to continue; stories may soon outnumber posts on Facebook’s newsfeed. The plan is to build it around WhatsApp, which already offers secure texting. It would let users find each other, pay digital and offline shopkeepers, or purchase a cornucopia of online services—perhaps one day using Facebook’s own currency. In time, the thinking goes, it may become as indispensable to Westerners as WeChat is in China.

That is just as well, for “platform shifts” are tricky. Microsoft did not see smartphones coming and Facebook itself almost missed the rise of mobile apps. To succeed, it must clear a number of hurdles. The first is technical. Facebook wants an Instagram user to be able to send a note directly to a friend on WhatsApp. Creating a common phone book for these services, with a combined total of 2.7bn users and different source codes, presents a knotty problem for programmers.

Lastly, there are the entwined issues of privacy and competition. Mr Zuckerberg accepts that a lot of people dismiss Facebook’s sincerity here—his recent article in the Washington Post, imploring governments to regulate social media, notwithstanding. It will continue to collect plenty of data. Integrating these, and the underlying apps, could in turn enable Facebook to convert its dominance in public social networking into power over private messaging.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

mjamme I thought he was going to focus on protecting our privacy.

As if whatsapp will say no to westerners. It is getting progressively more stupid for Mark.

Smiling to the Bank with every Invention.

We already have it... WhatsApp. And Facebook owns it.

he already did it its called facebook

Whatever superior is going to be copied. Wechat is apparently a better product than Facebook。 But how Facebook is going to incorporate payments into its platform? Banks won't allow Facebook to intrude into its own turf.

is that a step forward or a step backward if USA needs to mimic what China has....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Zuckerberg is begging for governments to regulate FacebookMark Zuckerberg is clearly trying to guide the government to help address situations that he feels Facebook can’t really succeed at anymore, writes Therese Poletti. not exactly - FB welcomes regulation as it creates barriers to entry (because compliance is expensive and complex)… for new competitors He wants them to regulate Facebook, so Facebook people can write the legislation and regulations, and when they keep doing more shady shit with data, they can wrap it up and blame it on the government. HISTORY Davison Rockefeller Sr. (July 8, 1839 – May 23, 1937) was an American oil industry business magnate, industrialist, and philanthropist. ... Rockefeller founded the Standard Oil Company in 1870. He ran it until 1897, and remained its largest shareholder. $FB DATA OIL
Source: MarketWatch - 🏆 3. / 97 Read more »

Mark Zuckerberg says Facebook's future involves making billions from shopping, not just adsCEO Mark Zuckerberg said that payment and shopping would be a leading revenue driver for Facebook in the future.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mark Zuckerberg says Facebook will spend the next 5 years carving its business in twoZuckerberg laid out his plan to split Facebook's product in a 3,200-word blogpost published in March. He better do that before Facebook has another embarrassing and possibly fatal privacy scandal Not even billionaires always get to do what they want to do if they insist on staying in a public arena. MarkZuckelberg maybe the industry leader with social media. But he has failed keeping it civil communication across the world. Which is a huge injustice! He has a huge job ahead of him.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mark Zuckerberg built a glowing wooden box to help his wife sleep betterMark Zuckerberg, the CEO of Facebook, constructed a 'sleep box' to improve the quality of his wife Dr. Priscilla Chan's sleep. ummmm you mean like vampires ....and then one day the lid to that box wouldn't open... (cut to dateline scene) Bet he didn’t leave her email unsecured, or password, or sell her data
Source: BusinessInsider - 🏆 729. / 51 Read more »

Mark Zuckerberg invents 'sleep box' to help his wife rest because 'being a mom is hard'The 'sleep box' is designed to emit a soft light to state it is OK to go back to sleep because it's still early and the kids aren't up yet. What kind of lights are in his box?🙄 🤷🏼‍♀️
Source: USATODAY - 🏆 100. / 63 Read more »

Mark Zuckerberg built this 'sleep box' to help his wife sleep through the night'So far this has worked better than I expected,' said Facebook CEO Mark Zuckerberg of the device he built for wife Priscilla Chan. MakeIt Um, if you make love to your wife right, she won't have any trouble sleeping all night. Maybe Zuckerberg should hire a bull for his wife instead. MakeIt MakeIt ...the most evil man in my life time zuckerberg
Source: CNBC - 🏆 12. / 72 Read more »

Watch Mark Zuckerberg discuss Facebook's privacy product roadmap at the F8 Developer ConferenceFacebook is expected to peel back the curtain on some of its new initiatives around privacy and messaging at its developer conference. Yawning I think its only fair we exchange info MarkZuckelberg
Source: CNBC - 🏆 12. / 72 Read more »

Watch Mark Zuckerberg outline Facebook's new 6-principle approach to privacyMark Zuckerberg outlined Facebook's new privacy policies at the F8 Facebook developer conference. The company is focused on six privacy principles. facebook Seriously 😑 facebook I don’t believe anything from this guy. He had been saying for years that they were not selling private info. It was all lies back then. Nothing says that we should trust him now.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Watch Mark Zuckerberg discuss Facebook's privacy product road map at the F8 Developer ConferenceFacebook is expected to peel back the curtain on some of its new initiatives around privacy and messaging at its developer conference. He has no respect for anyone. Most of all you all that listen to his lying words , expecting- what ? Can he snap his fingers to save us RobertDowneyJr
Source: CNBC - 🏆 12. / 72 Read more »