Join the debate: Is Facebook's business model doomed?

This is what I wrote to @scottcapener in August, when we were talking about his app Parallel.

All of what I mentioned above applies to my presence on Facebook. Let me add these comments:

  1. I tried advertising for my small business and discovered it was a waste of money, time, and effort. It attracted people who didn’t want to be customers but who just wanted to comment on my effort–or, worse, discourage me.
  2. FB serves an important social purpose, giving people a sense of belonging, whether to a circle of friends or to a community. That is a super glue that gives FB staying power and reach.

When I created an account on MeWe.com, FB’s rival, I invited friends to follow me, but few did. They know about FB’s practices and yet they can’t leave it. I think this is sort of like belonging to a club with a few members you don’t like; because the club meets your primary needs and your friends are in it, you stay.

For most people, FB is an end, a destination, not a means or a tool.

1 Like