Facebook brings 60 new partners into the fold to develop applications for the social network – Part 2

This might be another step further in making the company a profitable enterprise prior to going public. The media and application development partnerships might evade the opprobrium the social network had been attracting of late.

Many experts have been of the opinion that Facebook has no permanent and satisfactory tools to increase the profits from $4 Billion or even a warranty that the profits will remain consistent in the coming years, when the US economy is seeing its highs and lows.

However, these new partnerships have been the company’s answer that the social network is capable of generating profits to enter the stock market and live the competition in full swing. However, the new apps will also become a user attraction increasing the already bigger pool to enormous lengths.

On the other hand, the company will also be able to lure investors in the stock market. Lately, the company had been in the process of initiating the filing process at the Securities and Exchange Commission and this step will bring a boost in the process of scrutiny.

In addition to the stock news, Facebook had been nudged by Federal Trade Commission on certain privacy issues that had a real negative effect on the company’s campaign for going public. However, those issues have been addressed by the network promptly and Zuckerberg and Company assured that these issues will occur in the future.

The stock market stunt will help Facebook raise $10 to $100 Billion, which will eventually help them in taking the social network into a whole new dimension.

Moreover, Facebook is also planning to bring its first smartphone to the horizon. The handset will have a heavily tweaked Android operating system to the liking of the social network.

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Posted by Usman Khalid on Jan 19 2012. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.