Xxi) Facebook
It started in 2004. Despite having 1.3+b. users, younger Americans are deserting it to frustrate adult scrutiny.
It is trying to re-invent itself by buying
- Instragram (online photos & video-sharing social network service) ($US 1b.)
- WhatsApp (mobile, text-messaging service) ($US 19b.)
- Pryte (mobile data payments; with focus on developing world)
- Oculus (maker of virtual reality headsets) ($US 2b.)
- LiveRail (digital videos ads that matches right ad with right consumer) ($ US 0.5 b.)
Working on other products like image ads on Instragram, mobile payments, etc
Another way Facebook is trying to reinvent itself is via crypto-currency (Libra)