November 10th, 2008 // 11 Comments
Filed: Tech
That’s what some guy on CNET advocates. I think he’s kidding. Let me make a small prediction. There will be a lot of bailing out taking place at Facebook but it will be the old-fashioned kind — kids bailing out when they realize there’s no pot of gold at the end of the rainbow, and bigshot Google defectors bailing, preferably early and with good excuses, so they don’t end up with flop stink all over them. Por ejemplo: If, as some are predicting, Larry Summers joins the Obama administration, I’d bet his old pal and former chief of staff Sheryl Sandberg of Facebook will go with him. This way Sandberg could say that she wasn’t leaving Facebook because it’s all fucked up and there’s no IPO on the horizon and while she really, really, really meant all that stuff about changing the world by creating software that lets recent college graduates hook up more efficiently and force-feeds them targeted advertising — well, as noble as that cause might be, and it is indeed truly a noble cause, she’s heard the call to duty, to help her country, and so, with a heavy heart, she will have to take her leave and let Mark Zuckerberg carry on with his current three-year path to a business model.
Who cares? And when did you start deleting comments?
Brian: If you don’t care, you don’t have to leave a comment. Hard as it might be, try to be nice. This is a blog, not a paid news website. Its leisure writing, he does not owe any of us anything.
I’m looking forward to Dan’s next post. Only two weeks to go.
Dan owes me a breath of life. I am growing stale in the Cloud.
He is joking, right? I think his choosing of Facebook was a bad example. Well any Bubble 2.0 company would be a bad example. Our economic health depending/gambled on Twitter? Thanks but no thanks. There are technology companies out there with actual products that can change the world, like the real one. It’s just a matter of finding and funneling our money there.
I’m not a Facebook afficiando myself; I’d rather do things with my time that feel more useful. But I think there is a pot of gold somewhere over the IPO. All those users are not to be ignored. The most telling thing I notice about my Facebook “friends”, other than that they are not the people whom I’d call my friends, is that they cut a swath across all of my cohorts, which speaks to its broad appeal. In an era where no one has any money for discretionary spending, the amount of entertainment Facebook offers for the buck is pretty inviting (note to MPAA: movies stopped being cheap entertainment in the 60s). If micropayments ever take hold and Zuckerberg can average even a buck a month per subscriber, Facebook will be the next money machine. I can’t see anyone eating their lunch, unless it’s someone who buys them out for the ridiculous multiple billions they think they’re worth. And I have to admit that – even if you discount the not-to-be-ignored user base – just on quality of user experience, FB is now much better the competition.
That must be the most ridiculous article I have ever read. Facebook maybe inventing flying cars? Facebook creating happiness all over the world? 125 million people RELYING on Facebook?
AHAHAHAHAHA. WHAT. AN. IDIOT.
bailout?! they don’ neeeeed no steenkeen’ bailout!! they’re worth $15 bil-yun, remember?
{snicker! snort!}
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