The Future of Facebook
Written by Jai on March 29, 2008 – 12:29 am - 1,164 views
It is debatable by many but in my opinion Facebook is going to be increasing its online market share for years to come. Many say that Facebook is going to be the next Google as it eliminates the need for searching, by allowing users to rely on associate’s recommendations. Personally I think this is quite ridiculous and I never see Facebook actually stealing any of Google’s market share. On the other hand I do see Facebook replacing the need to many instant messenger services provided by such companies as
In addition to this chat feature I also see Facebook one day including features like voice and integrated email. Facebook’s main mission is all about communication and user control with integrated voice services and email this would allow Facebook to offer its users more features and there for help it gain a larger market share.
Now that I have talked about what I think the future of Facebook will include, what about emerging competition for Facebook, after all a new social giant emerges roughly every year and a half. As for competition for Facebook many look at myspace and say that they are competition while I take a look at myspace and say definitely not, if you have been in the web industry for long you can tell that myspace looks like a washed up site from the nineties and not only that is loaded with spam, not to mention it has totally failed to evolve and innovate to changing markets and users. So what about new sites popping up to compete with Facebook, in my opinion Facebook is young and still in its infancy. With a young and willing
The last point I would like to make about Facebook is the monetization of the site and the industries surrounding it. As I said Facebook is still in its infancy and so are the monetization methods of the site. Right now there is a struggle on how to bring in corporate sponsors and corporate dollars to the site as there are limited ways to monetize it. Several major financial institutions are investing in the potential by dropping $50 million for a stake just under 10% in Slide inc. which specializes in producing applications for Facebook and now many other social sites. While Facebook is incredibly big right now membership is relatively low compared to other social sites like myspace and relative to the population of the world that has access to computers, my point being here is that there is just tremendous opportunity for Facebook to grow and reach larger markets. My advice now is to get into the Facebook market; Facebook is on the clime and is only going to grow. Facebook applications are still open to small time developers right now, when corporate dollars come in I see large companies like slide and rockyous squeezing the small guy out. If you have ever wanted to get onto something before it blew up and make a fortune, get into Facebook you will not lose.
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While I agree on several valid points; Facebook is a monster of social connectivity, compared to the jumbled up spam land that is myspace, it’s still a breath of fresh air, too.
But I don’t agree on it replacing many of the chat programs out there, and here’s why:
There are a lot of people out there that don’t want to be connected seventy five billion ways to Sunday with people. There will always be people who simply want a simple program to sign into, chat with someone and leave. Facebook has apps, networks, groups, profiles and a plethora of other bells and whistles the general few just aren’t looking to use.
Sure, people sign up to Facebook, to do what the site is mainly and originally intended to be: a place to connect to friends, and school mates–I think the average computer goer doesn’t obsess about it so much as to spend enough time on it to make it the future of all.
I don’t like the idea of monetization so much. I’ve seen what it can do with blogs and websites, and frankly, that’s usually a mess. But we generally can’t argue with what the majority of members and users of a site want.
It may well be the future of something. There are already, several websites springing up all over the net that mirror the connectivity of Facebook–but I don’t think it will take away the beloved simplicity of messengers.
Well, as long as the site could make benefits for many people, I think we should support it. Don’t let the good thing disappears.
jai,
after reading this post, im updating my facebook profiles….
before reading this post, i didn’t update my facebook profiles…
jai, you can see my facebook profiles at :
http://www.facebook.com/profile.php?id=835789044
if you’d one, add me up..!!