Facebook Reaches 500M Users
Along with the announcement came the launch of an application called "Facebook Stories," which allows users to (what else?) "share their Facebook stories." [Ed. note: Sounds fascinating.]
"Our mission at Facebook is to help make the world more open and connected. Stories like these are examples of that mission and are both humbling and inspiring. I could have never imagined all of the ways people would use Facebook when we were getting started 6 years ago," prated Facebook CEO Mark Zuckerberg.
Meanwhile Twitter Inc. and Four Square investor Fred Wilson dismissed Facebook as a "photo-sharing site," yesterday at the Geo-Loco conference in San Francisco. "I don’t think the open graph is important," he said. "Everybody’s got a social graph. Every large-scale web app has a social graph. I don’t think Facebook’s social graph is anything to be scared of."
Later, he tempered his comments, telling VentureBeat, "I do believe, at least in some way, in everything I said. But please understand that I was consciously trying to be on the edge."
Criticism of Facebook from a Twitter investor is especially rich in light of the reliability issues Twitter has suffered from over the past month, primarily due to the World Cup. Twitter published a blog yesterday reemphasizing its efforts to come up with a "long-term solution" to these problems.
— Erin Barker, Digital Content Reporter, Light Reading Cable