When and How Did Facebook Win Social Media?

By the time Facebook went public on May 18, 2012, the company had more than 900 million monthly active users, topped more than $1 billion in annual profits and even had an Oscar-winning film with Justin Timberlake cementing its place in popular culture.
But Wall Street, largely unimpressed with former members of NSync, was still wary of the social media giant's ability to keep it going. Today, according to analyst Arvind Bhatia, the conversation among investors couldn't be more different.