Mark Zuckerberg is Time's Man of the Year, the movie about him seems likely to be an Oscar winner, and now Goldman Sachs is raising $1.5 billion from its favorite investors on behalf of the social networking company.
At the very same moment, Facebook's only real competitor --NewsCorps' waning social networking site, MySpace -- is shedding employees and expenses, most likely in hopes of a fire sale.
But appearances can be deceiving. In fact, as I read the situation, we are witnessing the beginning of the end of Facebook. These aren't the symptoms of a company that is winning, but one that is cashing out.
Read more: Facebook hype will fade
So, is Facebook inevitably on the way out, on the way to permanent decline just like Myspace? I really don't have a need or much use at all for Facebook, except for some of the free games and the fact that everyone else seems to be on it. It could disappear tomorrow and I would barely notice.
Facebook is irrelevant to my existence.
ReplyDeleteYeah, me the same, T.C. I do like Twitter, however, but Twitter is quite a bit different, and serves a different purpose. It may go as the Dodo, too, but I think it has much more staying power, as it has a real and quite useful niche.
ReplyDeleteFacebook will go the way of the passnger pigeon, no doubt. No one my age wants to publish their social life now that their parents and grandparents have a profile and are friending them.
ReplyDeleteThe cool thing is always changing to something new that is insider and unknown. By the time the media and people over 30 catch on, the kids are on the way out. Even blogging will likely give way to something else, like it supplanted livejournal and geocities and other personal vanity sites. Actually, there might be more people on livejournal than blogger and wordpress... not sure.
Facebook is irrelevant to my existence.
My bald father feels this way about the barber.