Facebook is working on a plan for its core business, but it has a long way to go before it can truly compete with its rivals, Mark Zuckerberg said during an interview on Thursday.
The social network has a “very, very long way” to go to compete with other companies like Twitter, he said.
Zuckerberg, who took over as CEO in 2014, said he doesn’t know if Facebook has enough money to continue its core businesses.
He said Facebook is not focused on selling a specific product or service.
Instead, he wants to sell what he calls a “core service” that is “not just a bunch of products and services.”
He said the company is trying to focus on “making sure that what you do has the biggest impact on the world.”
Zuckerberg is taking a more measured approach than some CEOs who have taken on risky bets, including Facebook’s former CEO Mark Zuckerburg and venture capitalist Vinod Khosla.
Facebook has long argued that its core services — News Feed, Messenger, and Instagram — are the only ones that matter in terms of the impact they have on users.
Those products are “very important to the success of our business,” Zuckerberg said.
“If you don’t deliver on that core, then you don, in my opinion, have a long, long, way to get out of this business.”
Facebook has sold more than $30 billion worth of advertising since Zuckerberg took over in 2014.
But that doesn’t mean the company can sell ads for all its services, which it still needs to do to keep pace with competitors.
Zuckerberg said Facebook has spent more than a decade developing its core products and that Facebook is still focused on those core services.
Facebook’s core services Facebook is building the most valuable product on the platform: Messenger.
The company has made more than 200 million dollars in revenue in 2017 alone, Zuckerberg said in the interview.
Facebook is also working on building a standalone messaging service called WhatsApp.
It’s an effort to make the messaging app more user-friendly and provide an alternative to Apple’s iMessage.
Zuckerberg also said that Facebook’s Messenger and WhatsApp apps are available for free in countries like Australia, Germany, India, Japan, and Spain.
Facebook will also be launching a standalone video-sharing app called Moments.
It will launch this summer in countries such as India and Japan, Zuckerberg added.
Zuckerberg noted that he doesn’ t know when the company will be able to fully launch its standalone video app.
He added that the company plans to release “a lot of new features” this year.
Zuckerberg described the company as focused on improving the quality of its ads, which has led to a reduction in the amount of advertising that people see on Facebook.
He pointed to Facebook’s advertising growth as a big reason for the recent surge in ad revenue.
Zuckerberg added that Facebook does have a plan in place to build out video ads in India and Africa.
Facebook isn’t the only company working on video advertising.
Twitter is working with companies like YouTube to create video ads for its popular video app, and Snapchat has been working with video-streaming giant Facebook to create its own video ads.
Facebook and Snapchat also announced plans to launch a standalone photo-sharing service in 2018.