Tuesday, June 05, 2012

Demise of Facebook Can't Come Soon Enough

Hey MySpace, MyBlogLog, Netscape and AOL: Move Over, Company's Coming!

The clock is ticking for the bloated, overrated "in your face with this timeline whether you want it or not" monster that the Social Network has EVOLVED into!

The good news comes to us from the wizards at CNBC:
Facebook will lose dominance as a major web company in less than a decade, Eric Jackson, founder of Ironfire Capital said Monday on CNBC's Squawk on the Street.

"In five to eight years they are going to disappear in the way that Yahoo has disappeared," Jackson said. "Yahoo is still making money, it's still profitable, still has 13,000 employees working for it, but it's 10 percent of the value that it was at the height of 2000. For all intents and purposes, it's disappeared."

Jackson said there have been three generations of web companies. The first generation was big web portals, such as Yahoo [YHOO 15.01 0.09 (+0.6%) ], where content was aggregated in one place. The second was the social web with Facebook [FB 26.90 -0.82 (-2.96%) ] and the third generation is companies focused entirely on monetizing the mobile platform, something Facebook will continue to struggle with, Jackson said.

A WORD OF CAUTION ::: I've said it before and I'll type it some more --- you won't see the "next" big internet sensation coming. It may already be here. It WON'T be something you read about or here some idiot on TV tell you "ha ha this is the next facebook." You can bank on that! Here's a stupid example along that line of thinking, from about TWO YEARS AGO, as it appeared on the Inc. website:

Are Facebook's Days Numbered?

The NY Times has reported that four 'nerds' in New York City have decided to start their own social network to combat Facebook and its highly criticized privacy policies. These men decided that they needed to raise $10,000 in order to launch the site, and using an online fundraising tool, Kickstarter, they raised this amount in only 12 days. The money continues to flood in and is currently tallied at over $23,000. The men behind this idea have been consistently surprised by the level of support coming from backers who are dissatisfied with Facebook.

Several netactive people, like this blogger have been anticipating a facebook fall from public grace. But he and the others haven't grasped WHY MySpace failed and WHY it is the same thing "scre the users" spirit that is already tripping facebook:

MySpace allowed readers to get too crazy with their individual pages, loading backgrounds and graphics and widgets and mp3's and videos beyond the point where computer users at work or school (or even at home) became fearful of going to a MySpace page - they knew that even with a T1 or broadband connection, that visit could freeze the computer.

Facebook, on the other hand, apparently has embraced the Google models of "it ain't broke don't fix it" and "we are going to give you something you don't want" - the "timeline" feature is exactly what the core facebook crowd DIDN'T want - or need! All they wanted was what facebook used to do best: kick off with a newsfeed and an interface that allowed people to contact and share with family and friends. Period. No one gives a rats ass about "timeline," but I'm sure some idiot geek who left Google for facebook must have convinced The Hooded Zuck otherwise. In the end, it sucks for Zuck (and it is already, in case you're not following the stock market!)
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1 comment:

  1. Roy Greenslade writes: "Former U.S. newspaper editor John Robinson, who now teaches journalists, writes about newspapers charging for online newspaper access: "As more newspapers move to paywalls, it comes clearer to me that publishers are attempting to use a band-aid to cover a bullet hole." To illustrate his point he relates an anecdote about asking his class of 20-year-old students at Elon University in North Carolina how many were on Facebook: "All 33 raised their hands. Many of them suggested they were addicted to the social network... I asked how many would pay $1 a month for Facebook membership. All raised their hands. 'Five dollars?' I asked. A few dropped out. 'Ten dollars a month?' I asked. Nearly every hand stayed down. 'No one?' I said. 'I thought you guys were addicted?' A student piped up with an explanation: 'Someone will invent something else to take its place that is free.'"


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