Ann: Additional information - mig33 social entert, page-10

re: Ann: Additional information - mig33 socia...
Interesting snippet on Radio National Breakfast this morning marking the ten-year anniversary of the launch of Facebook from Zuckerberg’s Harvard dorm room. The pre-eminent social network is now famously of course used by approximately 1.23 billion people around the world, and worth nearly US$135 billion.

But, asked Fran Kelly, can the social networking giant keep on growing?

Fran interviewed Vivek Wadhwa, a technology specialist from Stanford University "named one of the top 40 influential tech minds by Time magazine". Here is part of what he had to say:


Kelly: It's also become a corporate platform. I mean it's not just for friends who want to share information, news and photos. It's also a basic tool in the toolbox of businesses, isn't it, to have a Facebook page. That's a key advertising and communication platform for them now. Is this part of the reason that the gloss might be coming off Facebook for younger users?

Wadhwa: Yes, what's happened over the last few years is that ...it started with younger users, it started with teenagers and high-school students and college students ...and then their parents started going on there to see what they were doing, and said 'hey, this is pretty cool, we can use it to communicate with each other' ...and then Grandma and Grandpa came on board, and they started talking to junior on Facebook.

So now the kids have realised that hey we're being watched over here by our parents. We don't want it any more.

This is why you have new sites like Snapchat and Instagram becoming so cool, because the kids have decided that they want privacy from their parents and they've started getting off Facebook. And this is a big problem for Facebook, that the next generation of users is getting off Facebook.

As are people in other countries. Facebook doesn't own China any more. It doesn't own ...it's going to lose India. I mean, a lot of the high-growth markets aren't necessarily Facebook markets any more. So the future doesn't necessarily belong to Facebook.



A happy thought for mig33 shareholders on a quiet day watching the US markets blow off a little steam.