Impossible Facebook and the Future of Social Media

Posted by Dr. James Canton on May 30, 2012 under Uncategorized | Be the First to Comment

Impossible to imagine that a billion dollar revenue based company that dominates social media and has over 900 million users has to endure all of this huge diversionary mirage about the dysfunction of their public offering. Whew!! There I said it.

Common wisdom is that drop in value has something to do with Facebook’s S1 public offering disclosures, their lack of desire to actually make money (please, does anyone actually believe this?). I cannot think that anything is farther from reality.

Facebook is developing, and I do mean developing a disruptive new business model that puts a value on connections, relationships, networks of communities. Over $1 million per 900 million. Over $3 Million per business. This is a new, yet to be proven business model.

So the fast R/evolution of web business is hard to see in real time. Microsoft dominated the desktop, Google blew up advertising, Apple conquered the apps world and now Facebook is a mega disruptor all over again dominating social media. This doesn’t mean there is lots of room in the business ecosystem for Twitter, Linked In, and others to play in the huge global web connected marketplace. Plenty of dinero. Plenty of time to grow new innovations with a long tail.

So back to Facebook. Impossible Facebook. Can they meet the mobile web challenge learning from Apple? Can they monetize advertising like Google has? I think they can and they can co-compete with other players.

Keep in mind that to 900 people today and over two billion people tomorrow, within five years, Facebook will be the Web for most people. Search, communicate, transact, locate and share all via Facebook.

So do I care that the stock is dropping? Or the valuation is questionable? No. This is a billion dollar company just growing up. Give it time, while your on Facebook or off Liking this or that.

Let’s let Mark show us what he can do. I bet he is a closet data scientist that has big plans for big analytics, big data and has a vision of the future of social media, maybe even the future of society and business.

Impossible Facebook is a fulcrum of change, electrifying the now and maybe the future of social media. Give them time to stretch and grow.