Remember when Facebook was the hot new thing on the Web? Now it’s king of a dying medium, and Molly Wood doubts it has the mobile chops to survive the disruption that’s shaking the entire Internet. Read this blog post by Molly Wood on Molly Rants.
Is Facebook a dead social network walking?
By now you all know the sad tale of Facebook’s sinking IPO and the ongoing questions about who is to blame for pumping up the social network’s stock valuation and then skittering away at the first sign of actual trading.
Regardless of who got played in the deal (read: small investors, as usual), the market is actually responding appropriately to Facebook’s current situation: the site is a behemoth of traffic and attention, a platform underlying the very fabric of the Web, and an indispensable part of the lives of millions, but that doesn’t mean it’s safe. Sure, Facebook has conquered the Web, but the Web as we know it may be a dying medium. The Facebook killer won’t be a Web site at all: it’ll be born mobile, just like the generation who will use it.
See on news.cnet.com
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