Wednesday, April 3, 2013

The Beginning of the End For Facebook

Today (April 2, 2013), the SEC announced that public corporations can use social media such as Facebook and Twitter to announce information to investors.  (See  Now that Facebook has been given official recognition, it becomes irredeemably uncool.  Who wants to spend time on a website where trends in product sales and revenue growth are disclosed?  Or the latest in earnings per share?  Yuck.  Where's the fun in that?  After all, social media sites are, above all, supposed to be fun.  Now that Facebook is becoming a place where serious stuff is discussed, the fickle herd of young and highly mobile people crucial to the success of any social media website will get bored and look around for something that's more entertaining.  Bye, bye, Facebook.

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