Something else could literally come up overnight and put Facebook and Twitter out of business....Remember “MySpace”?
Absolutely I remember Myspace...talk about a flameout.
The most important thing I’ve noticed about Facebook, is where they make investments and devote time to innovation. Facebook doesn’t waste much time making the experience better for their customers (well users). Instead they devote their time to making the experience better for their REAL customers (companies that place ads and buy data). Before the IPO, they were buying up all kinds of nifty technology to data mine the users better.
How long until the users say no more, and leave?
Facebook turned a profit last quarter, because user numbers have gone up. Of course, this is because they have introduced an APP to third world users...I wonder what type of consumers they are, and whether or not their ad rates are justified.
He wasn't completely pessimistic about Twitter, though. He said at least they have a business model built on revenue from targeted passive advertising.