Social networks bring people together but like any gathering, the time comes to split. People move on, just like they did from Bulletin Boards, from Chat Rooms and from My Space. QED, historical analysis proves Facebook’s imminent and scheduled demise. The argument is put that users will always need Facebook to contact their friends but that’s what they said about the phonebook. The pendulum on Facebook’s fifteen fleeting minutes of fame has been winding down since it reached its zenith in May 2012 when its ownership went public.
Mark Zuckerberg is a talented man but he is not a businessman. His forte rises above mere commerce. Yet he presided over the halving of Facebook’s share price following the most overhyped IPO since Noah floated the Ark. I won’t delve into the apocryphal IPO debacle here but given the result that the original stakeholder(s) raked in bazillions of dollars in cash that day, I believe that the IPO marked the Facebook mission as ‘Accomplished’. The owners cashed out, regardless of what was to happen afterwards. Any shares they kept could be used as confetti because the overpriced issue on that May day got them twice what it should have. Continue reading