Facebook Fad Fading Fast
Let me put it this way, I have a facebook profile, but I am not a fan. I don't want people knowing what I am doing all the time, and more importantly, I DON'T CARE what other people do every minute of everyday. If you asked me, facebook could go away and I think the world would go on just the same.
Okay, so maybe not right away.
But it certainly feels like the social-networking site is beginning to sag under its own ponderous weight and prodigious Netscape-era hype. In fact, Facebook is so overhyped that a recent $1.5 billion injection of capital from Goldman, Sachs and others meant it now has an estimated market valuation of approximately $50 billion.
Indeed, Facebook could be even bigger based on trading in the secondary market (the one for wealthy folks) where according to SharesPost the company is worth over $82 billion -- making it more valuable than Amazon.com.
But it seems like Facebook's days may already be numbered. Why? Facebook started out as a simple, fun place to digitally cavort and post silly, unflattering pictures of one another. It quickly transformed into a miasma of lurking dangers, threats to our personal security and safety, and a great way to get fired -- or worse, prosecuted for goodness-knows-what. Everyone should be a little more cautious about the "social" part of social networking, these days, and for good reason.