Interesting thoughts: Why Facebook is not the future of the web
Posted by wholeenchilada on December 11, 2007
The internet is full of chatter on Facebook – they’re getting sued, they’re growing like crazy, and let’s not even bother with the whole “beacon” ad fiasco. Have you seen this post from Matt Frye over at o’reilly: Why Facebook is not the future of the web? Pretty interesting opinions:
1) Facebook is experiencing – With more than 150,000 new users signing up daily, it is growing three times as fast as rival MySpace. Growth like that can’t last forever and the investiment to maintain either the growth, the infrastructure to handle the growth, or both, is huge. Despite all the hype, MySpace is still the leader in social networking. Facebook still has quite a way to go before catching up with MySpace, and if that ever happens, it will also reach a plateau.
2) Facebook is not for sale – While independence is a nice sentiment, Facebook needs cash to survive. Initial investors are all smiles and “we want you to succeed” when handing over that initial $38 million, but the whole point is to make a profit. In July, Mark Zuckerberg said, “We’re not looking to IPO anytime soon. It’s just not the core focus of the company.” The next wave will come from the $1 billion that Facebook refused or from investors in some other IPO.
3) Facebook doesn’t respect users – Social advertising and features like Beacon have led thousands of users to sign petitions opposing them. Facebook is alienating its core audience. According to security researchers at Computer Associates, Facebook is collecting shopping information even when users are logged out of their system and have opted out of sharing their purchases.
4) Facebook is getting sued – Zuckerberg’s Harvard buddies claim he stole the idea. Even if the lawsuits are bogus, lawsuits tend to drive away investors and users who worry about getting entangled in bad situations. Lawsuits are also expensive, even if you win.
5) Facebook is full of useless crap and kinda slow – Poke, zombie, whatever.
Some interesting thoughts, most I agree with. As for Facebook being full of “useless crap”, I think that’s based on perspective. A lot of folks use the internet for entertainment (maybe it should be called the Intertainmentnet?), to kill time, relax, and have fun, and calling their fun stuff, games and time wasters “poo” is probably a bit subjective.
As for the future of Facebook? I don’t think it’s going away anytime soon. A lot of us thought Yahoo! was just a fad and it’s still around, and that little company called Google kept growing until it bursted, and is often referred to as a Microsoft competitor. So who’s to say what the next 3-5 years will bring for Facebook. My bet is that they’ll still have a loyal user base, though something bigger, better, faster, and more-hyped will have lured away people looking for the next big thing and attract more new users through hype and word of mouth from the hip folks. But then again, what do I know 😉
This entry was posted on December 11, 2007 at 8:03 pm and is filed under Internet, life, Technology. Tagged: facebook, google, Internet, MySpace, Social Networking, Technology, yahoo!. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.