Friday, March 28, 2008

Why won't facebook go away?

Well obviously since there isn't a stronger competitor, but right now we probably have an open slot for some competitor to come in. After all the negative press that Facebook has received at SXSW and and now with it's goofs with what is a country and what isn't.
I can't hate on just FB, Myspace and Hi5 would probably be worse if they were in the enviable position that facebook is in. At least FB isn't pushing porn like the other 2 sites.
After today's news, it looks like I'll have to wait a little longer for facebook to go under. Hong Kong investor Li Ka Shing just put up another $60 mil into the little Palo Alto company. I can see housing prices in San Francisco going up again...

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