Facebook Inc (NASDAQ:FB) has a way of doing things. The social media behemoth rolls out features and apps after proper research and study and once it launches anything, it mostly stands by it. Facebook Inc (NASDAQ:FB) is taking over your mobile space pretty swiftly. Last year, the company launched Facebook Inc (NASDAQ:FB) Messenger app. There was a lot of stir, people said they don’t want to download the app because it will access data, phone numbers, images. Other companies accused Facebook of data theft but the social media giant kept quiet and stood by its decision. With the passage of time, almost every Facebook Inc (NASDAQ:FB) mobile user downloaded the app and now likes it.
Facebook Inc (NASDAQ:FB)’s decision to buy Instagram was perhaps the best step by company to date. Instagram is the future of ads. Advertisers are going crazy to get attention of teens, millennials and Instagram is the place which is the home of teens these days. An article on Vancouver Sun said that Facebook Inc (NASDAQ:FB) is going to roll out new separate apps and your mobile space will be taken over by the blue social giant.
The source quoted Jordan Banks, the managing director of Facebook Inc (NASDAQ:FB) head of vertical strategy, who said that people like separate apps that do one and only one operation perfectly. They don’t like everything inundated in a single app.
Different apps give Facebook Inc (NASDAQ:FB) the user data it needs to elevate its ads dollars. More than 500 million users are not using Facebook Messenger. The company will release more apps this year.
John Thaler’s JAT Capital Management owns over 7.3 million shares in Twitter Inc (NYSE:TWTR).
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