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by cliveowen
4540 days ago
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When will we stop crying wolf for every tech company's demise when there's no enough data to support any kind of underlying trend? 3 million is a drop in the ocean for Facebook and I don't even know how much valuable the teen demographic might be. Teen for the most part don't have jobs (heck, these days even older men have trouble finding jobs) and have to beg parents to buy them things. If you advertise a certain product on Facebook they don't go to, say, Amazon and translate the intention into action, so conversion rates must be abysmally low. Trust me, Facebook can take it. |
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I don't think it's tech companies in general that we're looking for the demise of. Social networks have been observed to have a short shelf life. Friendster had a meteoric rise and fall. MySpace had a meteoric rise and fall. Facebook has had a meteoric rise, and many people are waiting for their inevitable meteoric fall, and wondering who'll be next. Facebook seems to be intent on learning from history, hence their expensive acquisisitions of potential competitors.