[themagician]

I don't think there's anything wrong with media companies. They are sustainable over a longer period of time, they just aren't particularly interesting.

I can easily see Facebook going the way of AOL. In a few years a new generation will grow up with something new that seems easier and more intuitive to them, and Facebook becomes a legacy platform. Maybe they buy a few small media companies that keep the newsfeed interesting.

I just can't see Facebook, Twitter or anything else being "the thing" on a sustainable basis. There's no precedent for that, and it really doesn't make sense to me intuitively.