Facebook went public a week ago, to great embarrassment…
In the long term, Facebook’s ambition is to succeed Google (or Apple, depending on how you see it) as the dominant company on the Internet. And that’s where its real problems lie…
The problem is that Facebook has already gone and messed up its core value proposition. At the beginning, the potentially great thing about Facebook was that you could use it to share personal information, stories, and photos with your friends, replacing the “new baby” email blast and solving a real problem that people face in our data-heavy world…
But Facebook no longer solves that problem…
For most of Facebook’s hundreds of millions of “active users,” it’s just another content site: a place to waste a few hours (often in class) watching videos or reading funny articles. And that’s not much of a platform for anything…
Read the entire post at The Baseline Scenario. View original post.
