Facebook Announces That It's Out Of Ideas [Buzzfeed]

Excerpt from a stark Facebook reality check

"Facebook has continued to grow since. But other services have grown faster. Facebook’s response, from its new, privileged perspective, has been to behave with a mixture of jealousy and ruthlessness. It blatantly ripped off Snapchat with Poke, which was a flop. It responded to the rise of messaging apps with a messaging app of its own, which was a success. It released a clear Instagram rip-off, which was a failure, before buying Instagram. Today, Instagram founder Kevin Systrom took the stage to give an uncharacteristically forced and wooden speech about a new video feature in his app. The invitation to the event said, “A small team has been working on a big idea.” Systrom’s script included, more than once, the phrase, “This changes everything.” The app, in every important way, resembles Twitter’s suddenly popular Vine."

Facebook Announces That It's Out Of Ideas