Also, can we stop to consider the fact that a company that is worth billions of dollars can only barely eke out a profit, despite having access to the personal lives of 500 million people? It's not like they lack the capability to be evil. More likely, they're a paper tiger. They don't have much time to build the killer app that people will pay for before their investors start gettin anxious.
The approach to social networking they've taken simply isn't a particularly profitable approach, the profitable approach hasn't been invented yet. Eventually, people will realize that, and while they're running and begging venture capitalists for another $100 million just to keep the lights on in their server farms, someone else is gonna build the next big thing, and Facebook will go the way of Friendster and Myspace. If we've learned anything, social networks are fickle, and it doesn't take long for a trickle of users to become a flood.
Zuckerburg won't ever starve, and the company probably won't ever fold (heck, even AOL is still around), but the idea that his wealth and any perceived power is in any way stable just doesn't check in with reality.
Think about an Oil rig, if you will. Just because it takes half a billion dollars to get it started doesn't mean it is barely eking out a profit while it's being built. Once it's built, its going to make the owners billions.
I think a comparison to an oil rig is wishful thinking, to say the least. You have a basically clear and proven business model that's existed for 100 years, based on selling a tangible product that everybody inarguably needs.
Facebook has none of those characteristics, and nobody's proven that there's anything substantial where they're digging.
The approach to social networking they've taken simply isn't a particularly profitable approach, the profitable approach hasn't been invented yet. Eventually, people will realize that, and while they're running and begging venture capitalists for another $100 million just to keep the lights on in their server farms, someone else is gonna build the next big thing, and Facebook will go the way of Friendster and Myspace. If we've learned anything, social networks are fickle, and it doesn't take long for a trickle of users to become a flood.
Zuckerburg won't ever starve, and the company probably won't ever fold (heck, even AOL is still around), but the idea that his wealth and any perceived power is in any way stable just doesn't check in with reality.