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As far as wealth-creation goes, Facebook doesn't even compare to Google. Facebook is great, and has huge potential, and may find ways to make money head over fi
by radu_floricica 16y ago
As far as wealth-creation goes, Facebook doesn't even compare to Google. Facebook is great, and has huge potential, and may find ways to make money head over fist, but it is fundamentally a toy. There are no ways to create value directly from it, only to piggy-back on the number people using it. Sure, there's the occasional community and event management that takes place there, and as far as social communication goes it's really unequaled (I talk to most of my friends on facebook), but this does not feed anybody.
Google on the other hand has both feet firmly planted in the internet infrastructure. At this time there are more people using them directly then any other web service, for both work and personal reasons. They create real and tangible value. They actually make money for the people using them.
This is a big difference. Sure, for the lonely entrepreneur it doesn't really matter if his startup is about lolcat pictures - as long as he gets enough visitors, he's set for life. But in the grand scheme of things it actually matters if you're dealing in lolcats or create real value. It wouldn't scale otherwise.