I'm pretty sure that was what was said about MySpace a few years ago and look at where it is. The truth is that the real core of internet companies are the younger kids, as soon as they jump ship, I'm sure another internet giant will start emerging. Remember Facebook hasn't been around for a long time in the grand scheme of things, the internet scene is very fickle.
I think it's impossible to compare MySpace and Facebook, those are two totally different realities. Amazon also crashed and it's back on it's feet again, but I think Facebook is a unique case, it has a global dimension and it's a certain bet.
Facebook is the only social network which is making a lot of money, even advertisers are running to facebook office to give them their advertisement to be get promoted by facebook
I honestly hope that Facebook's economy will worsen soon. I mean honestly, as it looks now they can just keep buying up things they find interesting because they have such an ridicolous amount of money. They somewhat recently bought the Oculus Rift, and even though I am not a real fan of the device itself, I was unhappy about the news that Facebook had bought the entire company. But that's how it is, and if Facebook continues to go plus, it's likely that they will keep buying other companies. It's sad, really.
I think the people at Facebook know that they have to position themselves in a broader light, in order to stay viable. That's why they pick up the emerging social media sites and other peculiarities, like Oculus Rift. I think they know the cash flow from the core needs to be used in order to stay relevant for longer than if they stayed insulated.
Facebook Inc. rose 4.5 percent, reducing the stock's decline since March 10 to 17 percent. Parts of the market that had slumped in recent weeks.
