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Facebook once listed "adoption of mobile devices" in the "Risks" section of their reports.

• arcticfox 1y ago
  I mean, this was absolutely a risk to them. They could have easily lost during the transition.
  • omneity 1y ago
    They did and then spent $5B purchasing Instagram and Whatsapp to recover.
    • tsunamifury 1y ago
      19 billion buying WhatsApp. Instagram was moments before ipo. Also the FB html5 play at the time was a decent bridge to the app play which did of course explode growth. So let’s be fair they didn’t fail but they acquired to grow even more.
    • HWR_14 1y ago
      I thought they spent $17B on Whatsapp.