NEWS FLASH….I hear the bombs dropping in Google headquarters in the social networking department. The new Facebook update totally destroyed G+ with today’s announcement about its new features. Including it’s newly updated “ticker” and “timeline” not to mention it’s massive deals with Spotify, Netflix , and Hulu. Facebook is staying ahead of the game on this one especially with mobile. This move is ultra wise and has just extended the life of Facebook a few more years at least. Even though FB is rumored to be loosing millions of users daily these new announcements will keep the current users increase engagement and put pressure on twitter and G+. Looking into the future and the younger generation of mobile users and computer literate teenagers will solidify Facebook’s death grip on social for decades to come.
The guys over a Tecca had this to say, and I agree especially about the part about G+:
Historically, Facebook has faced criticism for its opaque and often convoluted privacy policies. It may have taken the looming threat of Google+ on its turf to light a fire under the social giant, but Facebook is handing users the reins in a big way. In a series of updates that began popping up last month, the company is moving toward a model of selective sharing: rather than mass broadcasts, you can choose who you share with — because your great aunt doesn’t necessarily need to know what happened after the fifth drink at Happy Hour, does she? -full article here
What do you guys think about the new updates? Is Facebook gonna totally keep the market share? What does this mean for small business?
I think the new update would be better for online entrepreneurs. They can surely have high share for generating new update because they can get more people that will advertise to their site. It means that small businesses will take advantage to this to attract more costumers.
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