This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.
CNET News Video: Facebook hits a milestone
About Video Comments (0 ) Transcript

CNET News Video: Facebook hits a milestone

2:00 /

The social network that turned the word "friend" into a verb and popularized the "like button" is turning 10 years old. As Facebook celebrates its birthday, CNET's Kara Tsuboi reports on what the company has accomplished in a decade and what CEO Mark Zuckerberg has planned for the next 10 years.

-What started 10 years ago in a Harvard dorm room with Mark Zuckerberg and a few friends has grown into this, the largest social network in the world headquartered on a sprawling Silicon Valley campus, employing 6,000 plus people and connecting 1.23 billion users worldwide. Despite a shaky 2012 initial public offering, the stock is now trading around $60, putting the estimated net worth of 29-year-old CEO Mark Zuckerberg around $30 billion. Not bad for a college dropout whose story was made into an award-winning movie. -People wanna go on the internet and check out their friends-- -The company has succeeded where competitors like Friendster and MySpace failed. -They were not afraid to just kind of rip everything out and rebuild. You know, they did that a bunch of times with these radical redesigns. -But constant facelifts for Facebook may not be enough to retain younger users who are increasingly turning to other social media sites. According to a new iStrategyLabs study, there are 3 million fewer teens on Facebook than there was in 2011. -Not as big a deal as it used to be. Mostly had an Instagram and Snapchat and stuff like that. -Facebook's $1 billion purchase of Instagram at 2012 hinted where the company is heading in the coming years. The focus will be heavily on mobile including the creation of standalone apps like the new Paper app. -The idea is to give the user an experience that they wouldn't maybe even think of as Facebook. This is an original Harvard Facebook made of real paper. It's filled with student's photographs, names of high schools, and home addresses. It was also the inspiration behind Mark Zuckerberg's multibillion dollar website, one that he presumably hopes to attract a billion more faces in the next decade. In San Francisco, I'm Kara Tsuboi, CNET.com for CBS News.
  • This is the interactive sidebar!

    Click any icon for more information as they appear--don't worry, we'll pause the video and wait for you to come back.

  • Links Polls Galleries
  • Video Review

New releases

Tomorrow Daily 044: NASA advances...
21:48 29 August 2014
On today's show, Ashley and Khail talk about NASA's newest milestone in their journey to Mars, Leap Motion...
Play video
Google experiments with drone deliveries...
1:14 29 August 2014
In a Google X effort dubbed Project Wing, drones would fly a programmed route but adjust to situations like...
Play video
2015 Lincoln MKC
8:33 29 August 2014
The 2015 Lincoln MKC has some stiff competition with the Cadillac SRX and Audi Q5 as its benchmarks. Brian...
Play video
Apple's iWatch is expected to be...
5:11 29 August 2014
Apple officially makes September 9 the date for their next product announcements. The iWatch and new iPhones...
Play video
Apple invite arrives, speculation...
2:28 29 August 2014
Invitations to Apple's big event on September 9 landed Thursday in the hands of tech journalists, including...
Play video
Google Glass app detects age, gender,...
5:57 29 August 2014
This week on Crave, we teach digital toddlers how to read, watch two goldfish fight to the virtual death,...
Play video
Extend the battery life of your...
3:13 29 August 2014
CNET's Dan Graziano tells you how to squeeze the most juice out of the battery in your MacBook Air or MacBook...
Play video
Before Apple's big event, Samsung...
2:54 29 August 2014
Perhaps Samsung and LG are worried Apple might reveal an iWatch? Both companies promote updated smartwatches,...
Play video
 

Video discussion

Conversation powered by Livefyre