Re:Is Facebook a viable long term business model ? (Score 2)

People have such short memories. People always think "this time it's different", they fool themselves into thinking that because x or y is different this time, they'll completely IGNORE what is actually right in front of their eyes. This is why bubbles happen, can we ever break out of this loop of blind hope, that something where we can't really see value or something seems vastly over-valued we still want to jump in and make a buck. The thing the Internet churns out that people pin a value on is this thing we call "New", and by "New"'s very nature, there's only one direction it will go. One thing I do know is that Facebook has to do an awful lot to stay relevant to its users over the next decade. If I could bet against it, then I absolutely would.