“We believe that there is a community for everyone. So we’ve been working on a major evolution to make communities as central as friends,” said chief executive Mark Zuckerberg, speaking at Facebook’s annual F8 conference, where the company gives developers a peek at new product releases.
Zuckerberg identified private messaging, ephemeral stories and small groups as the fastest-growing areas of online communication. The social media company is also working on “Light Speed” in order to make its Messenger app smaller in size and faster. Facebook’s News Feed continues to draw ad dollars, but user growth in its most lucrative markets has slowed.
However, Facebook is no longer adding many new users in the United States and Europe, its most lucrative markets, and it must find additional sources of revenue if it is to sustain growth. One such tool will allow users to watch videos together in Messenger, while also viewing each other’s reactions in simultaneous texts and video chats.
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