Thursday, October 9, 2008

Is the End in Sight for Facebook

I came across this interesting article questioning the future viability of Facebook. As the article mentions top executives have left the company leaving some wondering if the end is in sight. Also, Facebook will be allowing employees to "cash out" their stocks beginning November 1st. As the articles states:

"In theory, Facebook could turn around and sell the former employee shares - and more - to outside investors. The trouble is, funding may not come easily in tough financial times."

This previous post on our blog discussed the effect the economy could have on Community 2.0, and it will be interesting to see if it will take down the largest online social network.


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1 comment:

Ashley Eliot said...

That's really interesting because I suspected something was up after they did the redesign. There are like a bunch of groups on Facebook dedicated to how much they hate the new Facebook layout and yet they don't change it?

I wonder what's going to happen. I will definitely keep a look out.
Thanks!