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


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