Mark Zuckerberg is now quoted as sharing internally, through recordings obtained by Business Insider, admitting that Meta was slow to develop a solution or response to TikTok.
Mark Zuckerberg said that initially they felt TikTok was not a social service. When TikTok was initially introduced, Meta felt it was a video-focused service like YouTube.
This made Meta slow to come up with solutions or offerings that were more or less the same. However, recently, in addition to focusing on the artificial intelligence arena, Meta is also now focusing on offerings such as Threads, wanting to facilitate video production through Edits, and also wanting to bring back the glory days of Facebook like it once was.
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BUSINESS & MONEY