Facebook, the friendly website next door, has been chalking out a serious execution manoeuvre that sets web giants like Google, Twitter, and Yahoo, to name a few, on the bull’s eye.
So what happened? Well, it so happened that the five year old site, which happens to be the largest in social networking, has revamped its search engine and micro-blogging service system in such a way that its giving the big-guys a run for their money.
The new strategy of ‘branching into various markets’ would now, not only boosts its overseas growth, but also would pose a huge threat to tweet-pie Twitter. And according to Brigantine Advisors analyst Collin Gillis, “The site, co-founded by 25-year-old Mark Zuckerberg in a Harvard University dorm room, could also pose a threat to current top-notch Web portals like Google and Yahoo in search engine content and communications.” Facebook can be highly deceiving, we say.
After all, “When you become the site that people spend enough hours on everyday it’s very natural to take advantage of that and to become the site that tries to provide all the services that portals provide”, says Haim Mendelson, professor at Stanford University’s Graduate School of Business. Hence, the site’s decision to launch itself into the various markets existing in the internet industry has raised quite a few chuckles!
And rumour has it that Facebook would also branch out into digital downloading and online payments that could well give Apple’s iTunes and EBay’s PayPal a sprint for their riches.
Seems like Face book’s got it all covered! On the other side of this live wire, all we have to do is just watch out how this would change the face of the internet markets!