SouthAmerica: I have 3 Facebook accounts myself, and yesterday a friend of mine told me that he has 4 Facebook accounts that he uses for different purposes.
CrossTalk: FaceBook / CheckBook – February 8, 2012
SouthAmerica: Facebook is supposed to have its IPO in May 2012 – But......
Fecebook is already becoming very fast obsolete, even before Facebook has its IPO in May of 2012.
The members of Facebook had a wall with all your information on that place. It was a simple and straightforward system.
Many companies don't know when they got things right, and that it doesn't need further meddling to fix the system.
This is the case with Facebook today; the Facebook members had their personal wall with all the necessary information, it was a simple and straightforward system, and now they are forcing all Facebook accounts into a new timeline system – a very cluttered system.
The best analogy I can come up with to compare with Facebook is when Coca Cola came up with on April 23, 1985, amid much publicity, attempted to change the formula of the drink with "New Coke". But Coca-Cola management was unprepared for the public's reaction regarding the old drink, leading to a major backlash. The company gave in to protests and returned to a variation of the old formula, under the name Coca-Cola “Classic” on July 10, 1985.
Facebook is forcing "New Coke" or “Timeline” on its members when the FB members want “Coca-Cola Classic” or the old Facebook wall a simple and straightforward system.
Today my Facebook wall tuned into “Timeline” automatically, and I can't get my old Facebook wall back.
Here is what says at the top of my Facebook wall:
Welcome to Your Timeline — Preview
Right now, only you can see your timeline. This gives you a chance to:
1. Review what's on your timeline now, and add or hide whatever you want.
2. Click Publish Now or wait until your timeline goes live on April 19, 2012.
Timeline: A New Kind of Profile
*****
My first reaction to the new “Timeline” FB page was to remove various items from my page. But the Facebook system it does not allow me to remove the apps and games from my FB page.
In a Nutshell:
Basically, Facebook has already started its process of fast obsolescence.
Facebook's IPO Will Be Way Overvalued – February 1, 2012
At its anticipated IPO later this year, Facebook will be three times more expensive than Google GOOG +0.21% was at its IPO — and nearly 40 times more expensive than the average large IPO of the last four decades. Mark Hulbert Discusses on The Markets Hub.
YES! I don't see how a $4 Billion Dollar a year company is worth anywhere near $75-100 Billion Dollars. They could be worth probably $40 Billion at the most, IMO. I haven't seen their financial sheets, so there's no way to tell. Who knows, they probably have a ton of cash and intangible assets on the books. I do, however, believe that Facebook have cash flows that they're not telling the public about. Why? Because, I believe that cash flow comes from the money they make selling user's information. The $4 Billion dollar figure is from advertising, but I'm sure they make even more from selling the information users put on their profiles.
SouthAmerica: About 4 days ago my Facebook wall tuned into “Timeline” automatically.
Since then my Facebook wall has been turned into a useless piece of crap.
Some Jackass came up with this timeline shit, and at the same time he/she was able to make Facebook a worthless obsolete empty shell.
Under this new timeline system I can't find many of my older postings, and when I post new stuff part of the posting disappears.
I would stop going to Facebook 100 percent, if I was not connect to many members of my family - since I enjoy watching the pictures that they take during most weekends of barbecues, family gatherings, and pictures of the kids.
I also noticed that Facebook is fast losing its initial appeal - I spend very little time on Facebook on a daily basis - and my nephew told me that he does not check his Facebook account everyday, and he also is cutting his Facebook visits to a minimum.
Regarding my circle of friends on Facebook, they have reduced the number of their postings and also the time that they spend visiting Facebook.
It is possible that Facebook has already reached the point of being just another declining fad.
One thing I can tell you from practical experience: they have managed to turn the Facebook wall into a piece of garbage and nothing else.
My suggestion for Facebook users: post your stuff on Blogger then just post the link to that webpage into your Facebook wall - that way you know where your postings are if you need to retrieve some information that you need in the future.
That is a good thing that Facebook has made this change before Facebook stock coming IPO - after the IPO Facebook stock should have a realistic market cap in the range of $ 75 to $ 100 million dollars.
A Facebook market cap in the range of $ 75 to $ 100 billion dollars should be reached only if you are making the valuation of Facebook market cap in Zimbabwean dollar.
