"A natural monopoly is still an invaluable advantage. The largest social media site is still the largest social media site. The site is still growing quickly across the globe. One in every five page views on the Internet is a Facebook page -- and vast portions of the traffic that flows to other sites around the Internet is channeled through Facebook. If you think the Internet is valuable, then you implicitly think Facebook is valuable, too.
Other systems may be possible -- social networking may decentralize or transform in an unforeseen way -- but let's not let 10 days of share price fluctuation blind us to Facebook's unprecedented accomplishments. Not least because an accurate representation of their market power is necessary to hold them to the right standards of privacy, responsibility, and fair dealing."
The Case for Facebook - The Atlantic
578. Make people laugh. - 578. Make people laugh.
1 week ago