The way the world works is changing. We used to live in an economy that was primarily resource based. Which meant that if I owned something, you couldn’t also own the same thing. But the future of the world economy is a knowledge economy. Me knowing something doesn’t prevent you from also knowing it because we can share knowledge and information. Imagine a world where everyone had access to education and healthcare information. A world where farmers could look up information to improve their crop yields and students could consult Wikipedia to help out with their homework. The internet is really the backbone of the knowledge economy. If everyone had access to those basic tools, we’d all be able to benefit from all of the innovation and creativity and ideas that everyone had. Our plan is to make basic internet services affordable so that everyone with a phone can join the knowledge economy. In order for this to be economically feasible, we need to make the internet a hundred times more affordable. And we can do this through a combination of two things. Reducing the cost to serve that data by 10x, and reducing the amount of data by 10x as well. First, to reduce cost, there are going to be a lot of things that we do. From building out infrastructure that makes signals travel farther, so that way we don’t have to build out as many cellphone towers, to cleaning up the airwaves and using spectrum more efficiently, to building out low-cost, open source hardware and phones. And second, we also need to reduce the amount of data to supply these basic services, and we think we can do that in a few ways. First, we can just make our apps cache data instead of having to request data every time that they want to look something up. And second, they can compress the data so they only have to transfer forty percent of the data that they would otherwise have to if it weren’t compressed. When I was getting started with Facebook, I could build it because I had access to the internet and a few basic tools that gave me what I needed to build this for the world. And if we can get to a point where everyone around the world has access to those same tools then everyone is going to be able to benefit from the innovation and ideas and hard work of billions of people around the world.