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

Give yourself a helping hand with...
6:28 July 25, 2014
When you wish you had an extra pair of hands, two extra robot fingers could be enough. Also, the "holy grail...
Play video
Nokia Treasure Tag tracks your...
1:30 July 25, 2014
If you're constantly misplacing your things -- or are worried you might -- this Bluetooth tracker for iOS,...
Play video
GE's Advantium wall oven combo...
1:34 July 25, 2014
Equipped with a super-charged microwave that browns as well as bakes, the two-drawer Advantium wall oven combo...
Play video
Disable the Fire Phone's 3D fe...
0:55 July 25, 2014
Dynamic Perspective can quickly become more annoying than useful. Here's how to disable it.
Play video
A mini mighty ninja that can't...
2:06 July 25, 2014
The NutriNinja packs plenty of power but falls short of being an all purpose blender.
Play video
Convenience, price, not power is...
2:21 July 25, 2014
For $40 the Hamilton Beach Stay or Go blender offers commuting smoothie drinkers an affordable way to sip...
Play video
Connecting with GE's new freestanding...
2:25 July 25, 2014
With great safety features and an affordable price tag GE looks to bring their new WiFi enabled oven to the...
Play video
Worst tech logos
3:00 July 25, 2014
Some of the most important names in tech started off with awful logos.
Play video
 

Video discussion

Conversation powered by Livefyre