IPO debacle notwithstanding, Facebook continued its upward trajectory and went past a billion active users. Not bad for a company founded in a Harvard dorm room, whose founder gets all sweaty when asked too many difficult questions and continues to wear a hoodie to work every day. User growth in the US may have stalled, but there is still huge potential is other markets including India, Brazil and China.
Relatively new entrants into the social media industry showed that there are opportunities for players with new offerings like Pinterest and Instagram. The latter, a photo-sharing site was bought by Facebook for over a billion dollars, while Pinterest is on a blazing growth trajectory that doesn’t seem to be slowing anytime soon.
Facebook was launched in 2004, and took six years to reach 500 million users. It took just over 2 years to reach another 500 million!
Top Tech Stories of the Year
Facebook blows past a billion users
Trudging through the trail of 2012 tech stories and yanking out the best was an onerous task. After much scrutiny, we have unearthed the absolute best.By Nelson Moses | Yahoo! India News – Mon 26 Nov, 2012 12:53 PM IST
From shaking up the very foundations of the Indian government to stirring up unseemly controversies, from showing incredible courage in the face of extreme adversities to losing a reputation built over years of hard work in just a blink of an eye, from setting the electoral hustings afire with golden speeches to getting into trouble for not speaking at all, there were many 'newsmakers' in 2012 who caught the common man's imagination. Some made it for stellar reasons, others for all there is wrong with the society. Here are 12 'newsmakers' that deserve a mention. More »
Trying to pick twelve travel destinations in India is a little like choosing the twelve best feathers on a peacock’s train, but pick we must. The most dramatic phenomenon we’ve observed in 2012 is the rising number of Indians choosing their own country for a great holiday. At one end of the spectrum, they are hitchhiking and backpacking. At the other they are patronising the most luxurious hotels and resorts once reserved for tourists brandishing wads of foreign exchange. Keen to experiment, they are experiencing everything from scuba-diving to cycling. Many are taking to wildlife and landscape photography with a passion. Here’s our selection of the 12 most captivating Indian holiday destinations of 2012. Feel free to argue but, most importantly, get up and pack! More »
It was an eventful year in the world of finance and business, one that actively involved all three actors: the government, people and even the common man. From violent employee agitations to controversial reform proposals and volatile economic indicators, we compile the twelve defining news events of 2012. More »