Alas, poor Facebook!
The giant social media company, whose stated mission is “to give people the power to share and make the world more open and connected” is the reigning king of social media. Hailed as one of the “best of the decade” by Entertainment Weekly in their December 11, 2009 issue, it passed MySpace as the most used social network in April 2008. Now with over one billion users, the Facebook IPO was hailed as “the most hotly anticipated stock debut at least since Google, and maybe ever”…and then, it flopped.
