Comment Plenty of innovation left (Score 1) 216
There is plenty of innovation left to be done in social networking. First of all, it is kind of bizarre that people let their social relationships be handled by a third party. It should be done in a p2p way, with social clients right on people's computers or mobile phones and directly built on top of their phone numbers or email accounts.
And listen Microsoft: for $10bn you can pay 10 million people $1000 each to move all their friends over to your social network. Most impoverished college students, the core FB audience, would do it in a minute. If you're ready to spend that kind of money, why not give everyone free cellphone plans with built-in social network functions that works equally well on both the computer and the phone.
FB is not the endgame in social networking. In a few years, there will be another king of the hill. Network effects work both ways. So the $10bn valuation is just ridiculous.
And listen Microsoft: for $10bn you can pay 10 million people $1000 each to move all their friends over to your social network. Most impoverished college students, the core FB audience, would do it in a minute. If you're ready to spend that kind of money, why not give everyone free cellphone plans with built-in social network functions that works equally well on both the computer and the phone.
FB is not the endgame in social networking. In a few years, there will be another king of the hill. Network effects work both ways. So the $10bn valuation is just ridiculous.
