February 3, 2012

Is Facebook Really a Good Business?

Farhad Manjoo, Slate

Send to a Friend

Facebook is the strangest Internet company ever to make it big. Compare Mark Zuckerberg’s site with Amazon, which just wants to sell you stuff—an old business in a new medium. By contrast, Facebook’s all-encompassing mission to “make the world more open and connected” seems positively zany. It’s not only that Facebook is ambitious; lots of Web companies, especially Google, strike the same revolutionary tone. What’s different about Facebook is its product: Facebook is us. You go to Google for Web pages, you go to Apple for computers, and you go to Amazon for stuff. What does Facebook give you? Me and you and everyone we know. Or, to quote another movie: It’s people! Facebook, is made out of people!

Read Full Article ››

TAGGED: facebook, Farhad Manjoo

RECOMMENDED ARTICLES

May 7, 2012
Does Jeff Bezos Know What He's Doing?
Farhad Manjoo, Pando Daily
Follow PandoDaily:A couple months ago, realizing it would be futile to hold out any longer against the tsunami of pop cultural peer pressure, I decided to go ahead and read The Hunger Games. I jumped over to Amazon, searched for... more »
May 9, 2012
The Facebook Phenomenon
John L. Chapman, Alhambra Partners
Facebook, Inc. begins its investor roadshow this week in anticipation of an initial public offering on May 18. The company’s potential is virtually unlimited, though business history is replete with should-have would-have... more »
May 9, 2012
Morgan Stanley: Where Money & Tech Meet
Evelyn Rusli, New York Times
Silicon Valley doesn’t have much love for Wall Street, perceiving buttoned-up financiers as fee-obsessed number crunchers who don’t really understand technology. . . more »
May 9, 2012
Why I'll Be Sitting Out Zuck's Facebook IPO
Charles Gasparino, HuffPost
Wall Street bankers said Mark Zuckerberg wasn't going to show up in New York on Monday, the first leg of the "road show," or publicity campaign to make sure the company he founded in his dorm room, Facebook, is worth close to the... more »
May 8, 2012
Facebook IPO: No Place For Amateurs
Steven Rattner, Financial Times
ft.com > comment > Remember me on this computer Sign in © The Financial Times Ltd 2012 FT and 'Financial Times' are trademarks of The Financial Times Ltd. more »