Two Facebook Updates: WSJ & Danah Boyd
Big Facebook news comes pn page one of The Wall Street Journal (subscription required) this morning with another round of rumors that Yahoo! wants to fork over a billion dollars for Facebook. Where will this impossible line in the sand be drawn next? MySpace got 650 million (it now looks like such a bargain), Facebook may go for a billion… is there another burgeoning social network out there that will start to see this kind of over-valuation?
No diss on Facebook which, aside from some major gaffes in the last few weeks, is a brilliant idea brilliantly executed, but… a billion dollars? That sure seems Bubblicious to me… particularly when I haven’t seen all that many interesting ads on Facebook. (This is now encroaching on iMedia territory, so watch iMedia Connection for more on the marketing side of this.)
The second Facebook update: in the comments on my first post, Marissa Gluck of Radar Research pointed me to an essay by Danah Boyd on the differences between Friendster and MySpace. That was a terrific piece, and I’m now following Boyd’s work. She also has a fascinating and shrewd unpacking of why the Facebook users revolted at the new features earlier this month…Â a move that one of my former interns found so disconcerting that he called me to get my take on it.
Facebook Watch 2006 continues…
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