San Francisco — Facebook has grown into an Internet giant over the
last decade, but it is celebrating its birthday with a low-key, belated
party and an eye toward the future.
While the arrival of its 10th
anniversary on Tuesday has pundits analyzing the social network's past
and theorizing about its future, the Internet juggernaut is trying to
stay focused on the job at hand.
"Just as we do every year, we
will have an internal party on Friday afternoon," Facebook spokeswoman
Arielle Aryah told AFP in response to a query regarding the company's
birthday celebration plans.
It remained to be seen whether the
Menlo Park, California-based social network, which now boasts over a
billion users, had something playful planned for its actual anniversary
on Tuesday.
In an earnings call last week to discuss stellar
quarterly results, Facebook chief and co-founder Mark Zuckerberg gave a
nod to the growth seen during the past decade but focused on the future.
Zuckerberg
spoke of making "apps" for showcasing Facebook features on smartphones
or tablets to stay in synch with mobile Internet lifestyles.
Long-range
goals included using artificial intelligence to figure out how
pictures, videos, comments and more shared at Facebook are related and
of shooting toward helping people share anything they want, with anyone
they want, whenever they want.
Facebook broke ground late last
year on an expansion to its campus in former Sun Microsystem digs in the
Silicon Valley city of Menlo Park. Details..
The new West Campus was designed by respected architect Frank Gehry.
As
Facebook celebrates its 10th anniversary, the world's biggest social
network is finding its path as a maturing company, adapting to an aging
user base.
Zuckerberg has repeatedly described Facebook's mission
as "making the world more open and connected," and some say he has
accomplished just that.
The company created in a Harvard dorm room
in 2004 has established itself as a phenomenon, securing its place in
the world of the technology giants.
"Facebook has made the world much smaller, much more interactive," said Global Equities Research analyst Trip Chowdhry.
In its short history, Facebook has become a part of daily life for more than a billion people around the globe.
"More
than 20 percent of all time spent on the Internet is spent on
Facebook," says Lou Kerner, founder of the Social Internet Fund.
Facebook
says it has a global total of 1.23 billion monthly active users,
including 945 million who use the social network on a mobile device.
And,
a Pew Research Center survey released Monday suggests no slowing
momentum for the network, even though more than half of US Facebook
users said they are turned off by oversharing and didn't like the fact
that they showed up in pictures without giving permission.
After a
calamitous initial public offering in May 2012 plagued by technical
glitches, Facebook saw its share price slump by half.
But the company has been on a roll for the past year, with its stock hitting record highs.
According
to the research firm eMarketer, Facebook has become the second-largest
recipient of digital advertising spending behind Google, and is
particularly strong in mobile ads.
"Facebook appears the best way
to play the social Internet," Morgan Stanley analysts said in a note to
clients, preferring Facebook to the up-and-coming network Twitter.
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