Is it said that? You should had bought Nokia, RIM or companies in the past like Silicon Graphics(once it started going down like crazy) or SCO.
FB is a scam to make their founders rich, a pyramid scheme in witch the money that enters is always from new people that believe are going to be rich with the "new thing"(social media), not from the real world.
FB is a billionaire business that does not know how to make money.
The first part of your comment was insightful. The rest was ridiculous. Facebook will be used by a large portion of the online world for at least the next ten years. It will make money. (It does make money, just not more than they're currently spending to grow the company.) The question is how much money they will make.
Call me old-fashioned if you like, or maybe simply insufficiently in tune with the times - but I'd argue that bringing in less money than you spend is the very definition of not making money.
Is it really so hard to see the real value a service like Facebook provides? I’m personally not a fan of Facebook (but found it to be tremendously useful for quite a few things in the past) but I know several people who find it very useful. At its worst it’s a silly diversion (ála Reddit or Hacker News, though certainly not worse than those), at its best it’s a rich communication infrastructure tailor-made for certain kinds of relationships.
Social networks are here to stay. They fix many of the shortcomings of older ways of communicating. Facebook has shown that it’s possible to make money with that. Their current numbers are most certainly not an invalidation of the business model or service, it’s more that they might have wanted too much.
Social networks are a sound idea. Facebook has a competent implementation of a social network. Maybe it’s not enough to rule the world – but I think it’s enough to make some money and be a healthy business (though Facebook seems to want more).
Is it said that? You should had bought Nokia, RIM or companies in the past like Silicon Graphics(once it started going down like crazy) or SCO.
FB is a scam to make their founders rich, a pyramid scheme in witch the money that enters is always from new people that believe are going to be rich with the "new thing"(social media), not from the real world.
FB is a billionaire business that does not know how to make money.
Good luck with those investments.