I am constantly astounded by what FaceBook is doing - they just get it! Yahoo should have really paid the $2bn they asked for them last year - they’re probably worth $5bn by now! If FaceBook becomes another Google - I think everyone at Yahoo will probably revolt!
I personally think that MySpace sucks - and they are a bunch of Generation W’s that just don’t understand what the web is about! FaceBook will overtake MySpace globally well within 18 months - that’s my prediction!
Marc Andreesen, founder of Netscape back in the 90’s gave a great analysis of Facebook and why it is, and will continue to be successful, as a platform and not an application.
While you’re reading that, I’m off to buy more servers for Synthasite 
(read Marc’s blog, and then remember to laugh!)
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Comments On This Post
June 14, 2007 at 5:26 pm
Vinny
Firstly, I would like to add that I completely agree with you on Myspace : ) Although I would love to have their online ranking and traffic.
Secondly, Facebook is a great system and they have done that by simply being straight-forward in their development approach. Yahoo will regret its decision.
Lastly, I would like to extend my congratiolations to your awards won and the Synthasite concept. Looking forward to seeing the concept making name for itself!The BEST of luck towards developing it into a online giant!
June 14, 2007 at 5:40 pm
[...] Facebook could well change the face of Social Network’s monetisation forever. Furthermore, Vinny Lingham has blogged about how if you create an app which generates revenue, Facebook WON’T take a [...]
June 16, 2007 at 10:44 pm
but it’s a front for the CIA!
June 18, 2007 at 11:39 am
Short, sharp and to the point Vinny. From a user’s perspective I find Facebook infinitely superior to other social networking sites, and look what opening their API has done for widgets like iLike. Their CEO said that he wants Facebook to be the pivot around which your web experience revolves, I think they’re on the way… (and blogged about it here; http://webthreepointoh.blogspot.com/2007/05/facebook.html )
June 18, 2007 at 11:43 am
Until in 18 months time there’s another social network that outperforms them. In the social networking market, if you don’t innovate enough, you’ll quickly become second best - exactly what happened to myspace, allthough I reckon the demographics are slightly different.
June 18, 2007 at 5:14 pm
It is not often that a company gets an application so spot on that there is very little to add or take away. Facebook has certainly raised the bar on user friendly design and functionality. It wont be long before the staff are poached into other industries to design simply user friendly platforms for banking, ordering etc etc
June 21, 2007 at 3:55 pm
Yes it is. As little as a few months ago I didn’t see the point. I even felt Facebook to be sort of invasive. I even blogged it (see “Sit on my Facebook.com” on my site). But in the last month or so I’ve seen a bit beyond the tip of the iceberg and now I have trouble sleeping for all the potential it holds. No wonder Zuckerberg turned down the buy offers. His vision was worth more than they could muster.
Truly inspiring. I wonder what comes next.
June 21, 2007 at 4:09 pm
I read another great post on Facebook which follows on in the same vein;
http://blog.pmarca.com/2007/06/analyzing_the_f.html
why are my developer’s dragging their feet with our app…
June 26, 2007 at 4:06 pm
Ok. So your post convinced me to finally sign up for a Facebook listing. I checked my gmail contact list and found dozens of my affiliate industry colleagues already in there. Hard to believe.
July 5, 2007 at 5:47 pm
[...] Gründern oder Craig Newmark von Craigslist gestellt. Während Fans in Facebook das neue Internet sehen, sprechen Kritiker von ‘walled gardens’ oder vom ‘neuen [...]
July 10, 2007 at 10:45 am
[...] There is my contribution, now with a few million more suggestions, I can see how Facebook will rule the Internet [...]
July 20, 2007 at 7:00 pm
[...] internet [...]
August 17, 2007 at 9:05 am
[...] launching - for $3!! Facebook is becoming the new Web Platform, as I hinted in my post, “Facebook is the New Internet“. Start building those applications - the gold rush is upon [...]
August 31, 2007 at 6:44 pm
With Facebook on the rise, Myspace is really going to take a hit. Although there are still many dedicated Myspace users, I don’t think they will be saying any significant growth in new users. Facebook is absorbing all internet users looking to become part of a social networking site. I wonder of Myspace will eventually be completely supplanted by Facebook any time in the near future.
January 11, 2008 at 9:23 pm
[...] FaceBook is the new Internet [...]
March 28, 2008 at 9:14 pm
I honestly didn’t think that myspace would ever get taken over by any other web 2.0 site! Well done facebook.
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