Word: facebooked
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...business of having online sites with content created by amateurs to be viewed by other amateurs never had a reasonable chance of making money. The fact that at one point Facebook had a $15 billion valuation, that Rupert Murdoch's News Corp (NWS) bought MySpace, and that Google (GOOG) bought YouTube only proves the "greater fool" theory...
...Because Facebook and MySpace are so pervasive and such a significant part of online culture, the press is endlessly fascinated by what goes on at the companies. Word got out that Facebook was raising money. Then it fired its chief financial officer. Analysts started to speculate that the company was low on cash. Facebook, of course, said that no such thing was true. (Read "25 Things I Didn't Want to Know About...
Encouraging parental interaction on Facebook waives the right to privacy so that people must alter their profiles. Certain things that could have flown when it was a college-only website are no longer permissible now that Mom’s looking over your shoulder and companies and schools are researching profiles. Profiles without some degree of self-censorship are becoming increasingly rare, but some people still aren’t cottoning on; when my brother interviewed a few prospective Harvard freshmen this year, he was surprised to see that they hadn’t bothered to restrict access to their...
...generation ages and we become parents, how will our relationship with Facebook change? Many will deactivate their accounts or restrict their profile to a name, bland picture and work/education info. Facebook will become for us little more than a phonebook with pictures. And, with the closing of the Facebook era, we will lose memories from our student experiences. Like it or not, many important social interactions do take place on Facebook—memories are encapsulated in tagged photos confined to the low resolution of Facebook albums, groups and events keep us connected to larger organizations, and who doesn?...
...don’t have to lose these memories. Email is as effective as wall posts, Gchat is way better than Facebook chat, and Picasa is a great way to share photos that don’t lose pixels when you upload them. And all of these are more private than gone-public Facebook. It’s not as if we have much of a choice anyway—parents and privacy may begin with the same letter, but that’s about where the similarities...