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Facebook Names Google, Twitter, Microsoft as Major Rivals | |
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| Time: 11:33 EST/16:33 GMT | News Source: PC Magazine | Posted By: Robert Stein | ||
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Facebook entered the big leagues yesterday with its $5 billion IPO, and listed some other tech heavyweights as its major competitors: Google, Microsoft, and Twitter. But Facebook is also competing for ad dollars and fending off the rise of smaller social networks, the company said. "We face significant competition in almost every aspect of our business, including from companies such as Google, Microsoft, and Twitter, which offer a variety of Internet products, services, content, and online advertising offerings, as well as from mobile companies and smaller Internet companies that offer products and services that may compete with specific Facebook features," Facebook said in a Wednesday filing with the SEC. | ||
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