Fake Steve Jobs tells it like it is: Facebook is not worth $15 Billion.
This chart says it all. A new study discovers that the vast majority of Facebook apps are an utter waste of time. But oh yeah -- Facebook is worth $9 billion, or $15 billion. And Slide is worth half a billion because it makes that super important FunWall application. Um, right.
here's the chart, courtesy of C|Net's Caroline McCarthy:
Facebook once had a purpose. It had a really, really clean interface. It was the total opposite of MySpace!
It was a great way to keep in touch with friends, get back in touch with old ones, leave them messages, keep contact information current, find out more about your classmates, etc, and so on and forth. In fact, Facebook by itself would have made a perfect turnkey solution for a corporate intranet's directory system. Heck, it would have been fine had it stayed with colleges and workplaces. That 18-25 highly educated demographic that buys lots of stuff? Target ads to them, right?
Then came the Venture Capitalists, and suddenly Facebook was a platform! And it was going to change the world! Revolutionaries in Colombia were using it, and stuff...right...
The truth is, Facebook has jumped the shark. I still keep my profile current, but do I spent much time there? No. Do I use any of the applications? Absolutely not.
Is it a privacy nightmare with dreadful terms of service written by VC's who want to keep it a walled-garden platform they can sell ads on? Absolutely.
Can I do everything I can do with Facebook with other services, without the hassle or the intrusion or the idiotic problem of people getting their accounts suspended for no apparent reason? Can I do it with more privacy? Yeah. LinkedIn, Drop.io, Flickr, Twitter. 'nuff said.
Absolutely.
Look. I think Mark Zuckerberg is a nice guy. I thought the guys suing him were jerks, and the only positive thing I can say about them is that maybe they'll help the U.S. win an Olympic medal in Rowing (please don't get me started on that topic). In fact, I haven't met a Facebook employee that didn't seem like a nice person.
On the other hand, I suspect the VCs at the top looking for ROI have no idea that they've completely ruined the platform.
Zuckerberg and friends are smart people. If I were them, I'd say "screw you," sell to the VC's, take the money and use your collective talent to start something else, only this time remember your job is to build something that people want, not to take over the world and make other people money.
It was a great way to keep in touch with friends, get back in touch with old ones, leave them messages, keep contact information current, find out more about your classmates, etc, and so on and forth. In fact, Facebook by itself would have made a perfect turnkey solution for a corporate intranet's directory system. Heck, it would have been fine had it stayed with colleges and workplaces. That 18-25 highly educated demographic that buys lots of stuff? Target ads to them, right?
Then came the Venture Capitalists, and suddenly Facebook was a platform! And it was going to change the world! Revolutionaries in Colombia were using it, and stuff...right...
The truth is, Facebook has jumped the shark. I still keep my profile current, but do I spent much time there? No. Do I use any of the applications? Absolutely not.
Is it a privacy nightmare with dreadful terms of service written by VC's who want to keep it a walled-garden platform they can sell ads on? Absolutely.
Can I do everything I can do with Facebook with other services, without the hassle or the intrusion or the idiotic problem of people getting their accounts suspended for no apparent reason? Can I do it with more privacy? Yeah. LinkedIn, Drop.io, Flickr, Twitter. 'nuff said.
Absolutely.
Look. I think Mark Zuckerberg is a nice guy. I thought the guys suing him were jerks, and the only positive thing I can say about them is that maybe they'll help the U.S. win an Olympic medal in Rowing (please don't get me started on that topic). In fact, I haven't met a Facebook employee that didn't seem like a nice person.
On the other hand, I suspect the VCs at the top looking for ROI have no idea that they've completely ruined the platform.
Zuckerberg and friends are smart people. If I were them, I'd say "screw you," sell to the VC's, take the money and use your collective talent to start something else, only this time remember your job is to build something that people want, not to take over the world and make other people money.
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