http://giffconstable.com/2010/02/facebook-crappy-business-a-wee-lil-thing/ Giff Constable's blog on technology, media, startups, and whatever else interests me Tue, 07 Feb 2012 00:32:00 +0000 hourly 1 http://wordpress.org/?v=3.1.3 http://giffconstable.com/2010/02/facebook-crappy-business-a-wee-lil-thing/comment-page-1/#comment-223 Gary Valan Sat, 20 Feb 2010 06:39:22 +0000 http://giffconstable.com/?p=475#comment-223 Maybe the headline was intended to be sensational, I don't know. There's a bit of truth to what he says about being on social networks to connect with people. But I would add that FB, Twitter and the competition have become more than friends meeting up or following friends online. I agree with you that its also about entertainment, whether it leads to enough ecommerce to pay off for FB and its partners remains to be seen. They have raised several hundred million to find the gold. With 400M + users they have the luxury of testing out various business ideas. Like Willie Sutton said, might be an urban legend, on robbing banks, "Go where the money is...and go there often." In FB's case, that's where the people are, for now at least. Maybe the headline was intended to be sensational, I don't know. There's a bit of truth to what he says about being on social networks to connect with people. But I would add that FB, Twitter and the competition have become more than friends meeting up or following friends online. I agree with you that its also about entertainment, whether it leads to enough ecommerce to pay off for FB and its partners remains to be seen. They have raised several hundred million to find the gold. With 400M + users they have the luxury of testing out various business ideas. Like Willie Sutton said, might be an urban legend, on robbing banks, “Go where the money is…and go there often.” In FB's case, that's where the people are, for now at least.

]]> http://giffconstable.com/2010/02/facebook-crappy-business-a-wee-lil-thing/comment-page-1/#comment-221 Claudia Guzman Tue, 16 Feb 2010 19:30:57 +0000 http://giffconstable.com/?p=475#comment-221 Adaptations of the old technologies do not necessarily make them better than their counterparts that existed before the WWW. Companies such as MySpace and Facebook sell online advertising on their site. Hence, they are seeking large memberships, and charging for membership would be counterproductive. Adaptations of the old technologies do not necessarily make them better than their counterparts that existed before the WWW. Companies such as MySpace and Facebook sell online advertising on their site. Hence, they are seeking large memberships, and charging for membership would be counterproductive.

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