Marketing Pilgrim - Latest Comments in Facebook Headed for Financial Ruin?

Re: Facebook Headed for Financial Ruin?

Michael Leander — Tue, 18 Nov 2008 08:24:14 -0000

I agree with MB Webdesign. It will take an enourmous amount of bad choices for Facebook to provoke users to leave.

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Re: Facebook Headed for Financial Ruin?

MB Web Design — Thu, 06 Nov 2008 06:16:04 -0000

I disagree with some earlier comments stating that Facebook users will abandon ship if there's some in-your-face ad monetisation. People moan about the new design yet stick with it in their droves. The whole point of Facebook is that it's where everyone else is.

MB Web Design's last blog post..H2D Hair Straighteners

Re: Facebook Headed for Financial Ruin?

Shane internet marketing — Wed, 05 Nov 2008 02:43:52 -0000

if Facebook goes the way of Myspace it'll be survival and nothing more, rather frightening that such a popular and widespread phenomenon as Facebook could collapse so quickly.. oh well

Re: Facebook Headed for Financial Ruin?

Busby SEO Test PH — Tue, 04 Nov 2008 19:14:07 -0000

I feel like a lot of apps still view Facebook as real estate - just another access point into your service.

I remember John Donovan saying at YES Summit that Lending Club is placing themselves inside of popular social networks "the same way you put a physical branch where people are."

Unless any given app adds value to the interaction that goes on inside of these social networks (for example, iLike is wildly successful in Facebook because it's another personality showcase) - which has to be more than simply being present - use will be scrappy.

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Re: Facebook Headed for Financial Ruin?

Goran Web Design — Tue, 04 Nov 2008 09:38:35 -0000

Well I don;t think we could declare them going for a financial ruin as yet, they are actually growing rapidly and during such time costs also increase but the benefits will be ripped later when the growth has matured.

Re: Facebook Headed for Financial Ruin?

Den — Tue, 04 Nov 2008 03:37:04 -0000

You're right 'savings' about people don't do much in a social networking sites. We want the members to be active at something not just posting their naked pictures online. I see more of that in MySpace or Friendster. A friendly social site slowly turned into amateur porn portal. For god sake they are children using this sites too.

Re: Facebook Headed for Financial Ruin?

Den — Tue, 04 Nov 2008 03:22:58 -0000

Of course they are big and well known, just think of the investment poured into the business to make it all the way to that kind of status. They don't want to start small and make they way up the chart like other small businesses.

Re: Facebook Headed for Financial Ruin?

Nick Stamoulis — Mon, 03 Nov 2008 16:11:44 -0000

That is amazing that a website this large and powerful is still to this day looking for funding. For all of those who attempt to launch social networking sites this post should put things into perspective.

Re: Facebook Headed for Financial Ruin?

LEADSExplorer — Mon, 03 Nov 2008 16:01:10 -0000

Bebo (about 40mio users) and Netlog (35mio users) are strong competitors in Europe.
The main asset of Netlog is the easy localization at a low cost, which could help them spread further over the world.

Stil lall of them are in need for a business model.

Re: Facebook Headed for Financial Ruin?

savings — Mon, 03 Nov 2008 15:58:36 -0000

All the "social networking" sites were fun and novel at first, but it doesn't take people very long to get bored with the whole thing. I mean the sites don't really do much of anything, and once you've established contact with your long lost friend, lover, cell mate, there's no point in using the sites to stay in contact.

As far as making new "friends" on these sites, who really does that? You may swap a few messages with someone but will you ever really get to know them, will you ever meet them in person, will you care when they stop using the site? The answer is probably a resounding no!

Want to meet new people? Why not try the tried-and-true ways of going to the pub, or sporting events, take up a hobby, selling drugs, or, god-forbid, talking to your co-workers.

Death to social networking - it's a silly idea. Facebook one of them???Not sure!!!

It still meets our daily needs funny enough

Re: Facebook Headed for Financial Ruin?

iPod — Mon, 03 Nov 2008 11:13:15 -0000

The fact is that if Facebook try to heavily monetize the site it will push the users away. If users are bombarded with ads then they won't hesitate in moving on.
John

Re: Facebook Headed for Financial Ruin?

Soap Nuts Laundry — Mon, 03 Nov 2008 10:46:48 -0000

Interesting. We no longer spend money on advertising, as we have now moved into the top 5 of google, but when we did do Facebook advertising, we found that the United Arab Emirates gave us great return on our money, as they have lots of money & there is little advertising competition there.

Re: Facebook Headed for Financial Ruin?

Internet Entrepreneur — Mon, 03 Nov 2008 09:44:02 -0000

Mark Zuckerberg should have sold the site while it was worth a billion and a half dollars. They still have problems monetizing it, and if this problem persists Facebook will be sold for pennies (I mean only several hundred $mil:))

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Re: Facebook Headed for Financial Ruin?

Nicole Price — Mon, 03 Nov 2008 09:23:52 -0000

This is a peculiar development, one no one could have foreseen. A very interesting study of skewed growth in different market segments, one actually subsidizing the other and the former losing revenue and market share! I wonder if just additional funding will do the trick.

Nicole Price's last blog post..Green Tax Breaks

Re: Facebook Headed for Financial Ruin?

cat — Mon, 03 Nov 2008 09:20:46 -0000

I don't thinck that Facebook gonna fail, they have very good economical potential

Re: Facebook Headed for Financial Ruin?

Naples Marketing Atom McCree — Mon, 03 Nov 2008 08:46:08 -0000

Not gonna happen. Facebook has a nice system in place and is far enough along where they will never be like hotmail. I continue to see growth there with the enterprise market only beginning to understand it. With the road of youtube so goes facebook, i.e. creative ad strategies. Just look at the new itunes integration with songs on youtube. If they want to generate some great revenue they can begin to offer special applications that are on a pay model. This will allow the user to determine the extent of their experience. Just think of the scrabble knockoff. You have millions of customers in a store. Now all they have to do is figure out what to sell them. Facebook will not go down in flames, they are just in their infancy with their advertising and marketing strategies to generate profit.

Naples Marketing Atom McCree's last blog post..Creativity vs. Performance

Re: Facebook Headed for Financial Ruin?

Den — Mon, 03 Nov 2008 08:40:48 -0000

Just like Engago Team quoted: "Obtaining more funding will not solve the problem as spending has become part of the culture of the company"

For a company that worth 15 billions and people behind it with overpaid salaries and partying all nights. Facebook is destined for destruction.

Re: Facebook Headed for Financial Ruin?

Danny Cooper — Mon, 03 Nov 2008 05:01:55 -0000

I find it hard to believe that Facebook isn't fulfilling its potential, between the 100,000,000 members and billions of pageviews.

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Re: Facebook Headed for Financial Ruin?

Ephraim — Mon, 03 Nov 2008 01:59:17 -0000

I can not understand FB business model and if they even got one, they become the most popular network online on a viral way, however since then, they raised money but are not showing any reasonable way of incoming.

The truth, since they've completly ignored unhappy "new-facebook" users, I ask my self if
any one understands what he is doing there?

Re: Facebook Headed for Financial Ruin?

Bobby — Mon, 03 Nov 2008 00:38:57 -0000

Youtube does alright, and has done for a few years longer than FB. And they deal with videos (a lot more bandwidth) not text and little pictures.

Re: Facebook Headed for Financial Ruin?

Kevin — Sun, 02 Nov 2008 17:50:43 -0000

As an agency which regularly recommends Facebook to our clients in Australia, and based on the success these clients enjoy using the site I have little doubt Facebook will prosper. As for Facebook's growth of 32% in the US, by most standards year on year growth of that magnitude would be reason to celebrate.

Kevin's last blog post..Shop blindness on steroids

Re: Facebook Headed for Financial Ruin?

MB Web Design — Sun, 02 Nov 2008 17:09:03 -0000

It's clear that Facebook's valuation was based on potential revenue rather than current monetisation. What is disturbing is that in the time since then they really haven't made much ground at all in trying to turn their massive subscriber base into a thriving market.

The survival of Facebook shouldn't be in question, but the future of its management.

MB Web Design's last blog post..H2D Hair Straighteners

Re: Facebook Headed for Financial Ruin?

SoLinkable — Sun, 02 Nov 2008 14:51:47 -0000

I've been following this on TechCrunch, and I don't think that there is any question at all that Facebook will survive. While they may be experiencing hiccups by attempting to expand too quickly, they will make it. If you have a girlfriend who is in the 20-29 year old demographic, then you know how much time she spends on facebook...

Re: Facebook Headed for Financial Ruin?

GoScript — Sun, 02 Nov 2008 14:32:40 -0000

Ruin, definitely not. But it won't bring them a huge profit for sure. But look for the bright side: there will alway be someone ready to acquire them.

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Re: Facebook Headed for Financial Ruin?

Utah SEO Pro — Sun, 02 Nov 2008 13:48:50 -0000

Now's the time to buy Facebook.

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