It’s been couple of years since we started to consider Facebook as the social networking site. Looks like there is no more room for other players in this segment and any contestant must fail at this point. Is it really so?
Mark Zuckerberg’s product winning social network custom ID badge shines more than ever. Over one billion user signed up, stock is doing great and bad IPO aftertaste is long gone. It seems like there are turns in online world for everything. Take eBay as a great example, founded in mid nineties as a part of bigger personal website project become online auction giant and any attempts to change the picture of that segment stopped around 2005. If you go to any venture capital fund these days and say I’d like to get some money to develop a product that would knock out eBay from the pedestal you’re very like to be turned down. Story is over in this spot and nobody would take risk of investing huge amounts of money that would be needed to give it a try. More »