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Showing posts from August, 2012

Facebook Prediction Part III

On January 2011, I predicted that Facebook would become irrelevant much like of fate of Friendster and MySpace. I gave Facebook two more years of relevancy (i.e., January 2013). First prediction link. Clearly, that first prediction is not going to come true.

I realized my error three months later and wrote about a special variable "K" which extended the life of Facebook, but I did not predict a time period for the end of Facebook's relevancy. Second prediction link.

Thanks to CEO Mark Zuckerberg making Facebook a public company, their demise has been accelerated. The main motivation behind making a company public is the desire to make more money, a.k.a. greed. Now, Zuckerberg must answer to his investors every three months. Investors, who will never be as patient as the owner of a private company. An early lesson one learns in life is that evil defeats itself. Greed is an evil. While greed can give "good" results, the results do not last. Eventually the bubble…