The addition of Skype to Facebook will not only help both companies grow toward their mutual goal of reaching one billion users, but also mark the beginning of a new era in social application development, Facebook CEO Mark Zuckerberg said Wednesday.

“Social networking is in this inflection point now,” said Zuckerberg, arguing that the metric used to define success for internet companies in the last six or seven years—connecting people—is becoming obsolete.

“I actually think the driving narrative for the next five years or so is not going to be about wiring up the world, because a lot of the interesting stuff has already been done,” he said. “It’s about what kind of cool stuff you’re going to be able to build… now that you have this wiring in place.”

Zuckerberg unveiled some of this stuff Wednesday morning during a livestreamed product announcement. Facebook will soon offer video chat, powered by Skype.

Facebook's CEO announced that they will have a group chat feature that allows friends to easily invite multiple participants into one chat room.