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| Facebook: What Changed? |
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| Posted by Nick G. |
| Tuesday, 10 April 2012 14:27 |
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If you were born before 2000, you probably remember when Facebook was just getting started as a social media outlet. Most people weren't getting in on the internet craze until a few years after the ominous Y2K, but once they did, the information-super-highway exploded with activity, and Facebook was more than happy to lead the charge, second only to MySpace. But now, Facebook has become a giant conglomorate with millions of users and advertisers, not to mention a board of directors, and has recently gone public. I don't think it's any secret as to why Facebook grew as a social medium, but some are wondering as to what exactly changed in the way Facebook was run and the decisions, specifically recent ones, that were made along the way.
Facebook -- the once-underdog social network founded by a kid in a hoodie in a dorm room -- may have officially cemented its status as a titan of the tech establishment it once challenged. What changed? Facebook -- no longer a feisty startup but a 3,000-person, soon-to-be-public corporation with $3.9 billion in cash and an $85 billion to $100 billion valuation -- spent $1 billion to gobble up a much-smaller competitor, the photo-sharing app Instagram. When it did so, it stirred up a caldron of ill will that the "People of the Internet" have been harboring toward Mark Zuckerberg's once-hip company. Some Instagram users said they were downloading all of their photos and then deleting them from the app just so Facebook couldn't get its hands on them." Source: CNN |