Facebook's Confidence Is Shaken .

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January 6, 2013 - 6:56pm

By BusinessInsiderLately, Facebook has been making a lot of defensive moves.The social network which once wowed us with product launches like Timeline and News Feed now seems to be scared of fast-growing startups, and it's losing focus.The clearest example is Snapchat, a startup that's exploded to millions of users in a little over one year. More than 50 million photos are shared over the mobile app every day — that's higher than Instagram's daily upload number.

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