Bringing the world closer together (and sometimes too close)
Facebook is social media!
They are dominating this category so much, that the CEOs of Twitter, Pinterest and Snapchat are calling themselves something different. I have pointed this out in the linked articles.
Facebook is one of a few platform businesses that have proven the theory of platform business models right. The theory always stated – or should we say assumed – that explosive growth would be possible due to the indirect network effects.
Insights into: Strategy – Business Model – Financials – Economics