Wednesday, October 24, 2007

A plate of FaceBook please.

Well, it's finally happened, which to me has taken a while, but ah well.

Microsoft according to the Journal (link) has purchased a small chunk of FaceBook a popular Web 2.0 style social networking site for a whopping 300-500 million dollars, which would raise the network of FaceBook to over 10 billion dollars.

Now that's great and all, the site will now be filled with Microsoft endorsements and such, but was this a wise decision?


I've come to understand as many others in the net field have, that social networking sites are as as much a trend as clothing is, which is to say teenagers control it, and usually don't stay on a certain one/style for long.

And when that mass audience leaves, the site would be dead in a fraction of minutes making the net worth and stock value to plummet to nothing, which would create some angry investors.

So with that, I guess that it's obvious what my opinion on the subject matter is, they probably shouldn't dump a nice amount of money into a trend that could last from 10 seconds to 10 years, it's as unpredictable as a earthquake, it shows tremors that might give off a hint of going off, but then after that nothing may ever happen again.

You never know, but that's how the market works, gamble on a educated guess on what will go up and just hope that it will at least earn some profit and not fall to the ground.

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