Jan 10, 2011

Nostalgic for Facebook

I wouldn't necessarily be worried if I was Mr. Zuckerburg, but 500 million visitors and growing is a quite a community to manage. I personally think his Facebook venue is getting a bit chaotic and disorganized. After all, I remember a relatively recent survey saying that, on average, we only have six or seven true "friends" we really care about whenever we visit Facebook. We spend a majority of our time sifting through status updates we really don't care much about.

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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