CEO Mark Zuckerberg wants to triple the size of Facebook. How? By lowering Internet costs.
Zuckerberg believes that by making online access more affordable, he could increase his platform size three times, per the New York Times. Facebook currently has 1.6 billion users, but has plenty of room for growth in developing nations.
“Our rule is 10 times faster or 10 times cheaper or both,” said Jay Parikh, Facebook’s vice president for engineering, according to the Times. “We want to get a full Facebook experience to every end user, whether that is video, or eventually virtual reality.”
The Menlo Park-based social media company will announce its first-quarter results on Wednesday and investors and analysts will be interested to see if Zuckerberg reveals more details on his plan to acquire more users for little cost. Part of that plan, per the Times, will rely on Facebook’s use of open-source technology, which refers to shared code or hardware plans that companies and individuals collectively create at a low cost.
Facebook’s own Open Compute Project started in 2011 and makes Facebook’s hardware “open source,” which means that anyone can freely view, use or alter designs on computers that several major companies use to run their operations. Since its launch, OCP has saved Facebook $2 billion, according to Business Insider.
But open source isn’t good news for everyone. One of the victims of open source software has been Silicon Valley stalwart Oracle. As more companies start to trust open source software, Oracle has seen sales of new software licenses decline. OCP could similarly undermine hardware providers who fail to collaborate. Like open source software, open source hardware has the potential to disrupt traditional providers like Cisco or other small companies that provide the hardware to run the Internet.