Mark Zuckerberg's Biggest Mistake with Facebook Was to

question 115

Multiple Choice

Mark Zuckerberg's biggest mistake with Facebook was to

• A)purchase Instagram when other photo-sharing websites like Snapchat and Flickr have failed.
• B)bet that standalone apps would disappear and users of smartphones would simply surf websites on these devices.
• C)develop an offering similar to Twitter.
• D)compete with YouTube by allowing users to post their own uncensored videos.
• E)pay users "cash rewards" when they click on to view and then "Like" ads to generate revenues.

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Definitions:

Fiduciary Duty

Someone who is required to act for the benefit of another person on all matters within the scope of their relationship; one who owes to another the duties of good faith, loyalty, due care, and disclosure.

Personal Representative

An individual appointed to administer the estate of a deceased person, managing and distributing the person's assets per their will or law.

Treasury Bills

Short-term government securities issued at a discount from the face value and redeemed at maturity for the full face value.

Escheats

The process by which unclaimed or abandoned property reverts back to the state.