Very good read! Facebook is one of those intangible giants that will have a say, for better or worse, about our future.
Facebook had, as CEO Mark Zuckerberg repeatedly said on Jan. 28, a “good” quarter. The company beat Wall Street’s expectations—bringing in $3.85 billion in sales—and now has nearly 1.4 billion monthly active users. But there’s a disconnect in Facebook’s business right now: Revenue is primarily coming from the US, Canada, and Europe, whereas user growth is coming from the rest of the world. As a result, Facebook is essentially running two businesses, but it seems to have a long-term plan to fold them into one.
Startups with a good idea tend to be in the business of first acquiring users, and then figuring out how to make money off of them. Think: Twitter, Instagram, Snapchat, and even Facebook itself. This is where Facebook currently is in the developing world, where over half a billion users access Facebook on a mobile phone. Many of these users don’t have smartphones, accessing Facebook Zero or simplified mobile…
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