Facebook's Confidence Is Shaken .

By BusinessInsider

Lately, 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.