On CNN.com, Doug Rushkoff goes as far as saying it's the beginning of the end of the ubiquitous platform--and that Goldman Sachs involvement is the death knell for Facebook.
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.He takes a look at the crumbling empires of AOL-Time Warner and MySpace before drawing this conclusion.
Financial investing aside, I don't know Facebook can survive over the long-term as it continues to cater to, well, everyone. It's a business model that just can't success as Gen Y starts growing up and realizing that not everything private should be public. Can it be long before the next series of social media platforms arise and--gasp--become much more community-driven?
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