Facebook Hacks Twitter Trends
Fittingly, Facebook (NASDAQ:FB) headquarters is located off CA 84 at 1 Hacker Way in Menlo Park. In late December 2012, Facebook Director of Product Blake Ross took to his own Facebook Wall to boast that he and his team had built out the then new Poke mobile application within 12 short days.
At the time, Facebook had tweaked its business model towards accelerated product development. Speed, of course, often compromises quality. The Poke application, engineered to compete directly against Snapchat, was an outright bust by all measures. Snapchat was to remain one of the top-five most popular applications at the Apple App Store throughout 2013 and into 2014. Last November, Snapchat actually rebuffed a $3 billion offer out of Facebook that sent the Menlo Park hackers back home to the drawing board.
The Facebook hacks have recently launched a Trending bar as part of their latest pet project. The Facebook Trending bar, of course, has appeared in the aftermath of hashtag posts, which were also effectively ripped off from Twitter (NYSE:TWTR). The Facebook social media empire is now running a mad dash to leverage its 1.2 billion user accounts for generating real revenue and profits. Facebook programmers, however, are unwittingly emerging as fast followers in Silicon Valley. Hacking just will not hack it on Wall Street, especially when Facebook shares have been priced for perfection. The mass exodus of young adults out of the Facebook platform may be a leading indicator that this social media empire is old news.