How Facebook Plans To Start Competing With YouTube (But Not Netflix)

Facebook VP of product Fidji Simo: “When we look at the content that’s really building these engaged communities, it’s content from creators that are vlogging for 15 minutes. … We see incredibly engaged communities around knitting. That’s something that won’t build a massive community like a big TV show, but if you do that for everyone’s passion projects and you can connect everyone to the creator, it can be extremely powerful.”