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Facebook: New and Improved One Year Later

The new and improved Facebook isn't resting on its past accomplishments. On Thursday it, along with Twitter, introduced new software to integrate services with Google's Glass. Glass is the far-out idea of eyewear that has an onboard computer Google claims is the alternative to a smartphone.

Facebook announced it created software that can upload photos on Google Glass to FB's world of social networking platforms. Glass is being used by a select few early guinea pigs and supposedly will be available later this year at a price of "less than $1,500," according to Google co-founder Sergey Brin.

The insightful 17th-century French mathematician and scientist Blaise Pascal said, "All men's miseries derive from not being able to sit in a quiet room alone." That speaks to the magic of how Facebook serves its expansive client base and the direction the company has taken.

With its teams of mobile product developers and engineers creating innovative ways to let women and men "sit in a quiet room alone" and yet be connected to friends and family around the globe, Facebook offers delightful and imaginative ways for its legion of users to escape their "miseries."

That alone is potentially the most lucrative benefit that Facebook can sell today. If FB can make money with Home it may create lightning-fast versions for Apple devices as well as the other popular mobile device makers such as BlackBerry's (BBRY) ubiquitous phones.

Facebook is willing to think outside the box, knowing that 100 million Americans and hundreds of millions internationally access their Facebook accounts with mobile devices including tablets like the iPad. Through strategic alliances and accretive acquisitions Facebook is determined to survive and thrive.

Did the IPO a year ago change Facebook and Mark Zuckerberg? In the Fortune Magazine interview he said, "We made this transition to being a public company, and at the same time we made this transition to being a mobile company ...and the transition to being a mobile company had probably 10 times the difference on the company that anything about being public had. The company has definitely changed in the last year..."

The future value of Facebook shares will depend on that "transition" being monetized. Investors hope is this is already happening and will continue to happen in big and proven ways. View the company's most recent quarterly earnings report here.

At the time of publication the author was long AAPL and GOOG.

This article was written by an independent contributor, separate from TheStreet's regular news coverage.

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