5 ms·
"Smart people with that much attention flowing through their systems will figure out the details". As an investor, I'm uninspired here -- the details are all th
by shoham 15y ago
"Smart people with that much attention flowing through their systems will figure out the details". As an investor, I'm uninspired here -- the details are all that matter to me-- not who the smartest guy in the room is, not at these prices. Think about Enron, or AOL. I'm not seeing what Facebook makes -- this is all very reminiscent of the 1998-2001 tech boom. I know what Apple makes (consumer electronics and software), and what Microsoft makes (consumer software). I know what Google makes (software to help me find the information I want). I know what AOL sold: dial-up internet access. And Enron: natural gas
What does Facebook make? How will they help businesses make more sales and connections using their ad network? Will people get tired of 'liking' businesses, and having their posts appear next to pictures and posts of friends and family?
- dkrich 15y agoI agree completely. The "Like" phenomenon feels very much like something you would see on VH1's "Remember the 80's?" The problems arise when people who enjoy using Facebook immediately assume "PROFIT." I would challenge most people lauding this as the next Google to ask themselves how many ads they've clicked on in the past year on Facebook compared to Google. I don't have any doubt about Facebook's smarts or ability to implement cool social networking things, but the bottom line is that very little of what they offer anybody would pay for.
- shoham 15y ago"I agree completely. The "Like" phenomenon feels very much like something you would see on VH1's "Remember the 80's?" Wow. Harsh, but spot-on.