The Details of Facebook’s 10-Year Masterplan
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.
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.
Ranked: The World’s 50 Top Countries by GDP, by Sector Breakdown
This graphic shows GDP by country, broken down into three main sectors: services, industry, and agriculture.
Visualized: The Three Pillars of GDP, by Country
Over the last several decades, the service sector has fueled the economic activity of the world’s largest countries. Driving this trend has been changes in consumption, the easing of trade barriers, and rapid advancements in tech.
We can see this in the gross domestic product (GDP) breakdown of each country, which gets divided into three broad sectors: services, industry, and agriculture.
The above graphic from Pranav Gavali shows GDP by country, and how each sector contributes to an economy’s output, with data from the World Bank.
Drivers of GDP, by Country
As the most important and fastest growing component of GDP, services make up almost 60% of GDP in the world’s 50 largest countries. Following this is the industrial sector which includes the production of raw goods.
Below, we show how each sector contributes to GDP by country as of 2021:
|🇰🇷 South Korea||57.0||32.4||1.8||8.8||$1.8|
|🇸🇦 Saudi Arabia||46.5||44.7||2.7||6.1||$0.8|
|🇭🇰 Hong Kong||89.7||6.0||0.1||4.3||$0.4|
|🇿🇦 South Africa||63.0||24.5||2.5||10.0||$0.4|
Industrial sector includes construction. Agriculture sector includes forestry and fishing. *Data as of 2019.
In the U.S., services make up nearly 78% of GDP. Apart from Hong Kong, it comprises the highest share of GDP across the world’s largest economies. Roughly 80% of American jobs in the private sector are in services, spanning from healthcare and entertainment to finance and logistics.
Like America, a growing share of China’s GDP is from services, contributing to almost 54% of total economic output, up from 44% in 2010. This can be attributed to rising incomes and higher productivity in the sector as the economy has grown and matured, among other factors.
In a departure from the top 10 biggest countries globally, agriculture continues to drive a large portion of India’s GDP. India is the world’s second largest producer of wheat and rice, with agriculture accounting for 44% of the country’s employment.
While the services sector has grown in India, it makes up a greater share in other emerging economies such as Brazil (58%), Mexico (59%), and the Philippines (61%).
Services-led growth has risen faster than manufacturing across many developing nations, underpinned by productivity growth.
This structural shift is seen across economies. In many countries in Africa, for instance, jobs have increasingly moved from agriculture to services and trade, where it now accounts for 42% of jobs.
These growth patterns are supported by rising incomes in developing economies, while innovation in tech is lowering barriers to enabling service growth. As the industrial sector makes up a lower share of trade and economic activity, the service sector is projected to make up 77% of global GDP by 2035.
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