01-27-2012, 05:41 PM
Yeah I dunno.
I do think there's an urge among the populace to flee Facebook and I feel like its popularity has already waned since the peak. Seems like most people hate their new "Timeline" layout and it's about to become mandatory -- Facebook was never big on customization options.
But then again, short of a devastating solar flare, online social networking isn't going away. Google hasn't seemed overly interested in pursuing it. MySpace dug in as a social media site dedicated to music ("Social Entertainment") and I doubt they're going anywhere much further than that. Facebook still probably has the best position moving forward. Unless some new giant rises up out of Asia, I can't imagine who is going to knock Facebook out.
And maybe the money generated by the IPO will let them overhaul and solidify their position as "social networking champion" and this could be the stock we all regret not buying 10 years from now.
Probably the #1 reason it's sketchy, though, is that I detect no brand loyalty to Facebook. If a new competitor DID rise up, it's easy to see Facebook going from king to shit almost literally overnight. You might never see it coming. A big hardware company like IBM isn't going to die overnight but a social networking site could.
I do think there's an urge among the populace to flee Facebook and I feel like its popularity has already waned since the peak. Seems like most people hate their new "Timeline" layout and it's about to become mandatory -- Facebook was never big on customization options.
But then again, short of a devastating solar flare, online social networking isn't going away. Google hasn't seemed overly interested in pursuing it. MySpace dug in as a social media site dedicated to music ("Social Entertainment") and I doubt they're going anywhere much further than that. Facebook still probably has the best position moving forward. Unless some new giant rises up out of Asia, I can't imagine who is going to knock Facebook out.
And maybe the money generated by the IPO will let them overhaul and solidify their position as "social networking champion" and this could be the stock we all regret not buying 10 years from now.
Probably the #1 reason it's sketchy, though, is that I detect no brand loyalty to Facebook. If a new competitor DID rise up, it's easy to see Facebook going from king to shit almost literally overnight. You might never see it coming. A big hardware company like IBM isn't going to die overnight but a social networking site could.