eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new

Local

2013 IN REVIEW: Facebook Strenghtens Domination of Social Media

(Credit: Aaron Tam/AFP/ Getty Images)

(Credit: Aaron Tam/AFP/ Getty Images)

roy_melony 300 Melony Roy
Melony Roy is the Social Media editor for KYW Newsradio 1060,...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By Melony Roy

MENLO PARK, Calif. (CBS) —  Facebook continued its reign during 2013 at the biggest social network in the world, but not without some hiccups.

The site started the year with a big announcement from founder Mark Zuckerberg:

“Today, we’re finally going to talk about that Facebook phone.”

Long anticipated, it was but not part of most conversations by year’s end.

Facebook also added Twitter-style hashtags, graph search, and chat heads.

There was some debate about whether Facebook had a teen problem when its CFO admitted during an earnings call that daily use among some teens may be declining.

But what was popular with teen this year is the Facebook-owned photo sharing app Instagram, which hit some major milestones in 2013.

First, Instagram tried to cut Twitter’s Vine, with an announcement from Instagram founder Kevin Systrom:

“I’d like to introduce video on Instagram.”

The network also posted its first advertisements, and after parent company Facebook’s billion-dollar offer to the rapidly growing messaging service Snapchat, Instagram then debuted its own private messaging feature.

(Systrom:)   “Today I’d like to introduce Instagram Direct, a simple way to send photos and videos to your friends.”

Instagram has over 150 million users sharing more than 55 million pictures every day.

Facebook — under the microscope on Wall Street to develop more revenue — will end the year on a high note with the recent launch of video ads.  The stock has risen from the ashes and joined the S&P in December.

More 2013 Year in Review stories

Follow

Get every new post delivered to your Inbox.

Join 32,017 other followers