Facebook is Silicon Valley's new powerhouse

Facebook said it passed 1.32 billion monthly active users during its ninth straight quarter of boffo financial results, the latest exclamation point in the American success story of Mark Zuckerberg.

The 2010s are shaping up as the decade of the social networking giant, as it immerses itself in mobile and video technology. "Facebook has become a tech powerhouse," says Craig Palli, chief strategy officer at app-marketing tech company Fiksu, pointing to Facebook's flourishing businesses in mobile, video and instant messaging.