Former MySpace CEO, Mike Jones of Science, Inc was interviewed by Harrison Jacobs to Business Insider and said some interesting view on the successful social network new business strategy.
According to Jones, Zuckerberg and company are succeeding due to one crucial strategy.
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“What they’ve realized is that Facebook the website and Facebook the company are distinctively different things, ” Jones told Business Insider. “They have realized that if Facebook the company is going to connect the world, they are going to have to do it in a lot of different ways that may or may not be on Facebook.com.”
According to Business Insider, Facebook is focused on strengthening the company, not necessarily Facebook.com. accepted that new social media platforms are going to disrupt their business model and drive traffic away from the site.
To protect against that, they’ve acquired many of those new platforms such as photo-sharing platform Instagram for $1 billion which has now 300 Million active monthly users and WhatsApp for $22 billion reached over 800 million users. Both companies
