Facebook has done it again! First they took Lists from the Google+ premise of Circles, then it was the update to Timeline, which came out right after the launch of Path, a social engine built around the idea of a timeline. After that, they bought Instagram, removing it as a competitor and making a part of the one-stop shop that Facebook is becoming.
Now they are preparing to absorb SocialCam. If you don't know what SocialCam is, it launched a few months ago as a way for friends to quickly fire off videos on their phones and share them with friends. It can be thought of as a something like Instagram for video. Yet another one of the convenient and cool nich social media sites that has cropped up in the era of Facebook.
Facebook has gotten so inflated with apps and functions that it is becoming increasingly unpopular to new customers, who try it, hate it, and never come back. This is just another example of a bad decision that will most likely ensure that Facebook isn't around a decade from now. It would help them a lot to focus on making their existing systems on social connection better! By better I don't mean "packed with more features", but more streamlined, faster, and more powerful. Until they understand that. Facebook will just continue to bloat until it pops.