Comment Re:Data ownership (Score 1) 183
The question is how much facebook is a standard that can be defended (comparable to how Windows is a standard that can be defended by delivering pc's preinstalled, and people are so used to it they rather stick to what they know), and how much it solves a well rounded need. No doubt facebook is a standard, its user base is simply so large that part is evident, just as much windows is. But I doubt it can be defended well enough, but this could be proven wrong. But facebook is long enough there for people to stick to what they know, which is facebook.
I think facebook is still seeking new purposes, but i think from what it is now it can only become bloated and not well rounded.
Besides that advertisement revenue will drop a lot during financial crisis, thats the business Achilles heel of facebook. I yet have to see if facebook will survive the current economic depression.
facebook stocks arent worth their current rate, 800 times 1 year income is a lot for a stock and especially for a company relying on advertisement revenues in a economic depression. I also doubt if facebook will be used for anything more than it is already used for now. If it survives this economic baisse, it will probably strengthen to be the standard in their field. I dont think it's just a hype but i also think it will take a while for some Chinese or Indian version of facebook to become dominant, if not Apple or Google can come up with something better (I doubt they can).