One basic market trend—consumers’ rapidly shifting attention to mobile devices—forced many Web, software, and hardware companies to take big risks this year.
Facebook’s IPO in May should have marked a triumph for its hoodie-wearing CEO, who made social networking a dominant technology on the Web.
But now Facebook users are rapidly shifting their attention to mobile devices, and the company’s uncertain business model for those smaller screens has required it to devise new ways to make money. Its $1 billion purchase of the popular mobile photo network Instagram underscored the business significance of these shifts.
To read the full, original article click on this link: MIT Technology Review’s 2012 Business Roundup: Mobile Challenges | MIT Technology Review
