Business Case Studies: How did Facebook become a $850 billion company?

When the news came out that Facebook had for the first time overtaken MySpace in users and that MySpace has responded by sacking nearly a third of its workforce, people asked the obvious question: Since these sites serve approximately the same purpose – facilitating social networking among online-friend networks – what is MySpace doing wrong? Or, more accurately, what is Facebook doing right?

Here is today’s video, we will answer the following question in the usual insightful way, please watch it till the end to understand the full context and learn how you can do the same for your own business.

https://www.youtube.com/watch?v=p2RCPyv95SE