Not seeing this hyped up 'its the next google' IPO take an undeserved raise makes me feel all happy inside.
Time to re-think your business plan, and guess what? It will get ugly. Next MySpace anyone?
Here's how I'm going to wager it will pan out:
- FB will re-evaluate their money making scheme
- Only logical answer is more aggressive advertising and data dumping.
- Over time, marketing will get too aggressive
- Hello MySpace 2.0
- Mass emigration - to Google+
But headlines like these bring a smile to my day:
Where are Facebook's friends?
Facebook Shares Fall Below IPO Offering Price
OK, Facebook is Embarrassing
I think what makes this so sweet is that it's a more official rejection of Facebook's real purpose on the internet, not just some angry security geeks.
Also - I should add: Facebook does add a lot of value and unique things to the IT/scalability scene, but just because Hell is a warm place in the winter doesn't mean you want to go there...