Future face of facebook
A great article about the future of facebook got me thinking again about the .com industry and it performance on the stock markets. I remember the first .com I worked for a tech analyst in Toronto had a very small job in one of the Canadian stock exchanges. Their stock grew to $3.50 but by the time we were bought out, they had mishandled finances, and the competition from other software companies made our products obsolete. Stock was barely worth $0.10 when I left.
That was 1997. 10 years later… I’m forever in awe at others reinventing the wheel where internet and web applications have steadily evolved to more sophisticated levels of programming and database management. HTML is now more of a backbone language, no longer the main component of a website. Sophisticated users mean more sophisticated sites.
Facebook reinvented the concept of “social networking” to make it hip, funny, and surprisingly rewarding for those like myself are reconnecting with old friends from years ago. Facebook is what Classmates.com should have been 5 years ago.
It sounds like it’s gaining the attention it deserves.