Facebook Apps

WSJ writes: “Facebook now offers more than 800 new services — from photo slideshows to online file storage — up from fewer than 100 a month ago. Meanwhile, those who are creating the Facebook services can access information about their customers and make money by selling related items and ads…Facebook is actually borrowing a tactic pioneered by Microsoft: Rather than building every piece of technology yourself, let others build on your “platform,” much the way Adobe Systems Inc., Intuit Inc. and others built software for Microsoft’s Windows operating system in the 1980s. Using this strategy, Facebook can nurture an ecosystem of developers who can create services far faster than Facebook could build them on its own.”

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Rajesh Jain

An Entrepreneur based in Mumbai, India.