SUBSIM Radio Room Forums - View Single Post - Facebook debuts, social-networking stocks fall

Onkel Neal · 05-20-12, 08:58 PM

I admit, I have been very interested in Facebook since I first saw it in UH around 2007. I always enjoy seeing groundbreaking ideas come to life and change the world. (Just finished reading The Social Network, halfway through The Facebook Effect). FB is indeed a game changer, even though it is essentially a function of the Internet--connecting everyone. What FB does better than Subsim, MySpace, Geocities, Friendster, LinkedIn, etc is harness an effective strategic vision and execute it. Who doesn't admire that? And think--when you were 20, did you have the kind of snap that Zuckerburg had? Haha, I would have jumped out of my combat boots to sell FB to Viacom when they offered $800 million CASH in 2005.

There is a lot of value in a utility in a company like FB that has cemented itself as a cornerstone of the web. Now, at some point in the future, it's likely FB will be considered "unhip" and be replaced by the next latest thing. Will be interesting to see how that evolves.

05-20-12, 08:58 PM	#22
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,360 Downloads: 541 Uploads: 224	I admit, I have been very interested in Facebook since I first saw it in UH around 2007. I always enjoy seeing groundbreaking ideas come to life and change the world. (Just finished reading The Social Network, halfway through The Facebook Effect). FB is indeed a game changer, even though it is essentially a function of the Internet--connecting everyone. What FB does better than Subsim, MySpace, Geocities, Friendster, LinkedIn, etc is harness an effective strategic vision and execute it. Who doesn't admire that? And think--when you were 20, did you have the kind of snap that Zuckerburg had? Haha, I would have jumped out of my combat boots to sell FB to Viacom when they offered $800 million CASH in 2005. There is a lot of value in a utility in a company like FB that has cemented itself as a cornerstone of the web. Now, at some point in the future, it's likely FB will be considered "unhip" and be replaced by the next latest thing. Will be interesting to see how that evolves.