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Making Google quake? Give me a break. Facebook, outside of its Microsoft partnership, has no revenue model. And While Facebook is growing, its platform model isn't all that new (see AOL launch page circa 1996). A slick interface with intriguing functionality? Sure. But when I read articles like the one in AdAge, I think, "how will they make money? free widgets?" instead of just how can i make money as a marketer? Doing so helps me understand the long term viability.
I don't get it. Kara Swisher from the WSJ doesn't either as she notes in this post:
http://kara.allthingsd.com/?p=350&ak_action...
Aside from revealing what they're all doing when they should be delivering value for money on the Licence Fee (the TV tax we have to pay over here in the UK), that stat really underlines FB's brand penetration into the 20/30-something professional demographic.
MySpace may still be bigger, but I think it's becoming an irrelevance in terms of social search. No disrespect to the kids, but the demo it's pitching at is too young, with the result it's heavily skewed towards under-21s. FB have worked up a brand that appeals to a broader, and (dare I say it) more sophisticated and educated demo.
Hell, I would've sold it yesterday if I owned it [ I want to be a millionair ].