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by tlack
5715 days ago
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One way of looking at it: Facebook has changed the way people communicate and socialize with each other. I think in some ways that is more fundamental than what Google has done - change the way people search. Furthermore, Google has seemed to have trouble innovating in the past couple years, but Facebook has been accelerating the pace of its innovations. |
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There seems to be an inflection point in just about every major tech company's history. First they have to dominate their initial core market. Then they need to figure out how to make money off it. Then they can use the data gathered from their core, and the top-notch employees they hire with the money, to launch lots of innovative side projects. Then everybody starts taking their innovative products for granted, but they make so much money that management can't justify letting people work on further innovative side projects that will fail 90% of the time.
FaceBook is currently in stage 3. Google would be in stage 4, except that the founders still actively push through projects like Wave and Instant and self-driving cars. I predict that ten years from now, both companies will be in stage 4, and the new hotness will be some company that hasn't been started yet.