As a Product Manager, the launch of hashtags on Instagram is a significant milestone for the platform. The introduction of hashtags can help users discover new content and build communities around specific topics or interests. This can lead to increased engagement and user retention, which are critical metrics for social media platforms. In terms of goals, there are a few things to consider. Firstly, we need to ensure that the launch is successful and that users are adopting the new feature. We can monitor this through metrics such as the number of posts using hashtags, the number of users who have tried the feature, and the overall increase in engagement. Secondly, we want to ensure that the introduction of hashtags does not negatively impact the user experience. We need to carefully consider how the feature is implemented, making sure that it is intuitive and easy to use. We also need to ensure that the use of hashtags does not lead to spam or abuse, which can be a significant problem on social media platforms. Finally, we want to constantly iterate and improve on the feature. We can gather feedback from users and use this to make improvements to the feature over time. We can also look at how other platforms are using hashtags and see if there are any best practices that we can implement. Overall, the introduction of hashtags on Instagram is an exciting development, and as a Product Manager, my goal would be to ensure that the feature is successful and enhances the user experience on the platform.