Time of the Tech

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 b...

On January 28, 2011, I took a stab in the dark about Facebook's future. My exact words were that it has "two more years of being relevant". I must admit, I was guided by my own negative feelings towards the website. I compared Facebook's lifespan to that of Friendster and MySpace. However, there is one variable that I did not take into account, let us call the variable "K". "K" is the critical mass of users needed before businesses can not ignore you and in contrast join you. Friendster and MySpace never reached "K", Facebook definitely has. Even the US government is getting in on the Facebook action. Every company seems to have a Facebook page and is enticing Facebook users to "like" their page. Some companies even reward users for "liking" their page, like American Airlines, which recently gave away miles. But Facebook can still die off. Businesses have just extended the lifespan of Facebook. With its current busi...