Facebook is going down, and fast

Yeah, I know that title seems over the top, but I do wonder.

Some say facebook is worth $126 billion, and the consensus is it’s worth roughly that much. Maybe more. We’ll find out when it goes public.

But let’s remember, what it brings on its initial public offering is not the true value. That will be its perceived value, and we all know we consumers are pretty stupid blokes most of the time.

Having said this though, I don’t personally think facebook is worth one-half what it was worth last year. The new timeline stinks. And I don’t know what they’re doing with their algorithms, but I’m regularly not getting info about people I’ve even asked to subscribe to.

It’s gotten so bad that I’ve quit logging in near as much. And when I post things, I rarely get feedback from friends like I used to. Either they’re not seeing it — see my algorithm point above — or they’re not getting on facebook anymore either.

So, I’ve joined the movement toward Pinterest, and LinkedIn seems to be continuing to grow like crazy. I had nine connection requests today alone.

Bottom line, it’ll take at least five years. Maybe ten, but I’m telling you facebook is heading down, no different than myspace.

Facebook took a great product that was clean and hip and exclusive to cool college kids (who could post crazy photos and tell even crazier stories) and they whored themselves out to the entire public. Now there are parents and grandparents (not to mention employers) watching your every move, and the political messages from both sides have only made the place more miserable.

Me, buy a share of facebook? I don’t think so.

What do you think? I’d love to hear your thoughts, either in support or opposition of my main point. Am I crazy on this one?

Stan R. Mitchell

Oak Ridge, Tenn.

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8 Comments

Filed under Random posts

8 responses to “Facebook is going down, and fast

  1. Anonymous

    Funny you mention facebook going down… It’s currently offline.

    Like

  2. You’ve got to be kidding me…

    Like

  3. hey, i am worth 50 millions dollars or more, just ask all my family LOL

    Like

  4. “The new timeline stinks. And I don’t know what they’re doing with their algorithms, but I’m regularly not getting info about people I’ve even asked to subscribe to.”

    Stan- As usual you hit the nail on the head….. I’ve been thinking along similiar lines for some time now.

    http://bulldogpi.com/2012/04/06/facebook-timeline-format-alienating-members/

    BulldogPI

    Like

    • Thanks, James. I’m hearing more and more people say this.

      They’ve got to be noticing the drop in their stats. I know they recently bragged about adding even more new users, but I’ll bet you their time use per customer is way down.

      Like

  5. Karen Buckley

    Now there are parents and grandparents (not to mention employers) watching your every move, and the political messages from both sides have only made the place more miserable. This is one reason why I quit several months ago.

    Like

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