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BOALT Blog

Industry musings on what is or isn't relative to BOALT.

Facebook is slowly becoming MySpace 2.0

mark_zuckerberg

Mark Zuckerberg's lame corporate profile shot

We all know that Mark Zuckerberg is the youngest billionaire but the big question that I have is, did he sell his soul to the devil getting there?

I’ve been a big fan of Facebook since its inception.  However, in recent days, it’s become more evident that their approach to success is selfish and user security and privacy is slowly becoming less of a priority.  I see more and more users getting hacked and sending out crazy emails that bait you into some sketchy malware website – urgh.  I even got fooled the other day by some crazy message.  Where’s it going to stop. (not to mention Facebook is done a good job at keeping this out of the media)

I liked the days where Facebook had a targeted niche of well rounded individuals that didn’t play dirty.  I feel like its become a centralized highway of unsolicited crap that I get on a daily basis which I have to weed through to actually hear from my friends.  It’s getting annoying.

I’m a big fan of opening up the application development but there has to be some sort of quality control, some of these apps are just plain ridiculous and all they want you to do is click on ppc links.

So is the house of cards going to collapse?  Probably not, but it’s due for a major correction.  Current market conditions are making the few surving online advertisors smart and this will eventually catchup with Zuckerberg.  I think he needs to stabilize his growth and think about quality and not quantity.  Advertisers would be happy to pay more to have better conversions.

Call me crazy but I see this as the beginning of the end of the 10 billion dollar valuation.  Facebook is here to live on forever, but I think Zuckerberg is in for a big suprise.

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