Facebook has been the buzz word all over. Sometime in KL you can see some geek sitting in network accessible shops, while sipping their beverage, starring and typing none stop on their laptop. If you put a little more focus on the laptop screen, you sees Facebook.
News onFacebook were recently published in May 2008 FORTUNE under Technology column. Their eye-catchy phrase was “Zukerberg’s brainchild has taken the web by storm. But as its valuation soared, the company began hitting speed bump”. This actually does not strike me, as I has no liking since I know Facebook.
Even I am working in IT field, I have never really study about Facebook. Eventhough myself having an account in Facebook, but I hardly really login! It has too much of things in there, making me who already in a complicated life more complicated. Too many plugins, and too many things to learn, and more importantly the things you learn gives no purpose in life. For example, pillow fight, drawing wall, and all those every little activities of others showed on your dashboard. In the contrary, reading blog gives more pleasure, knowledge, and credentials. My dislike of Facebook will also affected by my age, no doubt, Zuckerberg’s first launch of Facebook is more directed towards high schools and college students.
What impressing to me on Facebook is the income and the investment values by those big financial giants. In Fortune, you can see that the total dollar poured to Zuckerberg, till date, is approximately $400 million:
- Peter Thiel invested $500,000 in 2004
- Accel Partners invested $12.8 million in 2005
- Greylock Partners, Meritech Capital Partners invested $25 million in 2006
- Microsoft invested $240 million in 2007
- Li Ka-shing invested $120 million in 2008
Maybe Facebook really worth us to take a closure look, not its web application nor to play on its never ending widgets, but the business strategy, and the desire of the younger generation. Time to read the book’s face!
