Facebook is to 2011 as MySpace is to 2006
Time for a prediction. Remember MySpace? You know, that social networking site that News Corp. bought back in 2005 for some ridiculous amount of money because it was a great place for targeted ads (the userbase being primarily young and hip, albeit with some older people trying, often awkwardly or creepily, to fit in), only to find out that corporate interests don’t mesh well with the innovative ideas of young entrepreneurs, resulting in a cachÃ© loss potentially surpassed in magnitude only by its lost cash potential?
Yeah… I’m certainly not recommending that anyone who chooses to invest in Facebook keep their money there very long after the IPO.