[edtechre]

And by technology company I mean:

Hardware (Apple, Amazon) OS (Apple, Google) Cloud services (Google, Amazon, Apple) Web services like email, maps, search (Google)

Facebook has a very large user base. Whoopee. But does that mean staying power? Nope. Just ask Myspace, Yahoo, and countless dot bomb companies. You need to invest in R&D, become a technology provider, and succeed in more than one market. Beyond social networking, what does Facebook have?

This is a horrible article, especially by the Economist's standards.