Mark Zuckerberg says Facebook's future is 'young people' and

Amid reports Facebook misled shareholders about the significant drop in teens and younger users, Mark Zuckerberg said the company was "improving" to make "serving young people" a priority. supreme importance in doing

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so The company plans to It made a "massive change" on the Facebook and Instagram apps and spent billions of dollars creating a vision for the "metaverse.Zuckerberg mentioned the growing competition from TikTok and iMessage that

the company will do more to win over users. "Young people" between the ages of 18 and 29, even if in exchange for money from older users. During the discussion of the company's third-quarter earnings He said the company's TikTok competitor's

wheels will be "as important to our product as it is for us." with the story,” Zuckerberg said, “we expect to make significant changes on Instagram and Facebook over the next year to further develop the video and make Reels an integral part of the experience.

moreover He said the company was "improving" internally to make young people "northern stars". “It will take years, not months.” The problem with younger users is particularly plagued by companies. Whistleblower Disclosure of Facebook's

Internal Research on Adolescent Mental Health causing parliamentary hearings on child safety and the headlines about how photo-sharing apps can harm the most vulnerable users. at the same time Other internal documents say Facebook and Instagram have faced sharp

declines in engagement among teens and young adults for years.
Zuckerberg said another important aspect of the company is creating a vision for "metaverse." He did not comment on reports that the company will change its name to reflect its new focus on augmented and virtual reality.