You're a Meta PM supporting Instagram stories and shopping. Your data scientists are telling you that shopping is cannibalizing stories. What would you do next, if anything?

Certainly, I'll provide a detailed, strategic answer to the product strategy problem you've presented. I'll approach this as if I'm directly addressing the interviewer in a first-person perspective, demonstrating deep product thinking and leadership.

Introduction

Thank you for presenting this intriguing product strategy challenge. To restate the problem concisely: As a Meta PM supporting Instagram stories and shopping, I'm faced with data indicating that shopping is cannibalizing stories. This situation requires careful analysis and strategic decision-making to ensure we're optimizing for overall business success.

The key business objectives we need to consider here are likely:

1. Maximizing user engagement and retention
2. Driving revenue growth through shopping features
3. Maintaining Instagram's core social sharing value proposition

I'll structure my response by first clarifying our strategic goals, then conducting a market and competitive analysis, defining our product vision and roadmap, prioritizing initiatives, planning execution, establishing metrics, and finally addressing risk management. Let's begin.

Step 1

Clarify the Strategic Goals (3-4 minutes)

• Based on the current product landscape, I'm sensing that Instagram is in a mature growth phase, balancing feature expansion with core product stability. Could you help me understand where we are in the product lifecycle for both stories and shopping features, and how that aligns with Meta's current priorities?

Why it matters: This determines whether we should prioritize rapid feature expansion or focus on optimizing existing features. Expected answer: Stories are mature but still growing, while shopping is in early growth phase. Meta is prioritizing revenue diversification. Impact on approach: Would focus on optimizing the coexistence of both features rather than favoring one over the other.

• Given the apparent cannibalization, I'm curious about our primary target audience for both stories and shopping. Are we focusing on the same user segments for both features, or are there distinct user groups we're trying to serve?

Why it matters: Understanding our target segments helps us tailor our strategy to meet specific user needs. Expected answer: There's significant overlap, but shopping targets a more purchase-intent driven segment. Impact on approach: Would explore ways to create synergies between the features that serve both casual browsers and intent-driven shoppers.

• Considering the competitive landscape, particularly with platforms like TikTok gaining traction, how critical is it for us to maintain our leadership in the stories format versus expanding our e-commerce capabilities?

Why it matters: This helps prioritize our efforts between defending our core offering and expanding into new territory. Expected answer: Maintaining stories leadership is crucial, but expanding e-commerce is a key strategic priority for long-term growth. Impact on approach: Would focus on integrating shopping features in a way that enhances rather than detracts from the stories experience.

Based on these assumptions, our strategic approach will focus on optimizing the coexistence of stories and shopping, creating synergies that serve both casual and intent-driven users, while ensuring that our e-commerce expansion enhances rather than compromises our core stories offering.