Who will be the next Facebook? Wait! I’ll take that back. That doesn’t seem right anymore. A year ago, that might have been ok. Facebook as a startup before the IPO was quite a success, in terms of popularity, considering the number of users that have joined the social site. There were so much hype how much the company was worth.
Facebook as a company, after the highly anticipated IPO is quite another story. Facebook (FB) opened at $38 on IPO day. Today, a few months later, FB is faltering at $17.73. And it could go down even further. There doesn’t seem to be an end in sight. From an investment perspective, FB as a company is a major disappointment.
It’s a good thing, I don’t own any stock. Asking the question, who will be the next Facebook is no longer relevant. It has lost its meaning, luster, and it doesn’t really apply anymore. All this time, we should have been asking, who will be the next Apple.
Apple’s stock price has multiplied 56 times just the last ten years. Apple’s stock was a mere $12 a decade ago. If you have invested $100,000, you would have $5.6 million dollars today. That’s what you call a spectacular investment. For Facebook to get to even come close to what Apple has done is wishful thinking.
All along, we should have been asking, who will be the next Apple?
Facebook (FB) went down 6% closing at $21.74 for the day. With today’s closing price, Facebook is now 40% off its original IPO price. I’m sure some poor souls got burned by that hype. I remember reading an article a couple days after the IPO when the stock began to slide, where one analyst priced FB at $13. At the time, I thought it was out of reach. I said no way FB would slide that low. Well, looking at the price currently, FB is not that far off. If Facebook stumbles this quarter, we might see the stock hovering around $13. Not a distant possibility at all.
Matthew Ingram of GigaOm brings up a good point regarding censorship and Facebook. Although Facebook is a public place, it’s controlled by a public company. Although, it encourages free speech, it can remove content whenever it wants to. In the case of Roger Ebert’s Facebook page that was taken down, possibly due from the outrage caused by Ebert’s response to Ryan Dunn’s death on Twitter. Ebert’s Facebook page was later reinstated. Facebook, later apologized, saying the page was taken down by mistake. Interesting read.
Dropbox is one my all-time favorite application. The file sharing application gives you the ability to synch several computers by simply dropping a file to a folder. All your other computers (Windows, Mac or Linux) that have Dropbox installed, will synchronize automatically and get the updated files.
When you join Dropbox, you probably selected a free account that came with 2GB of disk space. To increase space, you can refer friends, family and others to join Dropbox and you and your friend will get an additional 250MB of space. I’ve referred several friends and now have 4.38GB. It’s nothing compared to someone I read online that had 17GB.
While referral is great, there’s another easy way of getting extra space from Dropbox. If you connect your Twitter account with Dropbox, you’ll get an additional 128MB. If you connect with Facebook, it’s another 128MB. If you follow @Dropbox on Twitter, it’s another 128MB.
If you tweet how much you love Dropbox, it’s another 128MB. Hence, my tweet about Dropbox the other night. All in all, if you do all of the above, you’ll get an additional 640MB of free disk space. Mind you, these are services that you already have, since most people already have Facebook and Twitter accounts. All you have to do is activate your free disk space.
To get your free space, just login to Dropbox and access Dropbox for free. One more thing, if you haven’t joined Dropbox yet, use this link to join. You and I will get an additional 250MB for using that link.
Jimmy Kimmel declared tomorrow, November 17, as National UnFriend Day at Facebook.com. Kimmel says, “Remember five years ago when no one was on Facebook and you didn’t know what the guy you took high school biology with was having for lunch? Remember how that was fine? Let’s go back to that.”
I’m not sure if this will gain any traction, but he does have a point. Someone will unfriend you, if give out way too many status updates!
Rumor has it that Facebook is set to unleashed its own email service next Monday. It’s certainly no surprise since Facebook already has that capability with its own private messages between friends. With this new mail service, Facebook will be able to send out messages not just to other Facebook members, but to the rest of the world.
So, what’s the big deal? That’s exactly what I said. But there’s a catch. Facebook apparently has been working with Microsoft in integrating Microsoft Office Online Tools. Facebook users will be able to share Office documents with other Facebook users and possibly with everyone else.
One more thing, with this new email service, Facebook users will be able to use the ‘facebook.com’ domain as part of their email address. The email address format will most likely be: firstname.lastname@example.org. That’s one thing you’ll have in common with a Facebook employee, having the same email domain.
Is this a threat to GMail? I don’t see it that way. GMail has enough features that will stave off users from jumping to Facebook. In addition, Facebook has a marginal record when it comes to security and privacy. Will I trust them enough to run my email. That’s one concern that will be on everyone’s mind.
I heard RockMelt mentioned twice in two days. What’s RockMelt? RockMelt is a brand-new browser that’s designed around you and how you use the web. Curious? Yes, me too. Well, wait no more. You can sign up and get an early invitation.
From RockMelt’s blog …
RockMelt does more than just navigate Web pages. It makes it easy for you to do the things you do every single day on the Web: share and keep up with your friends, stay up-to-date on news and information, and search. And of course, RockMelt is fast, secure, and stable because it’s built on Chromium, the open source project behind Google’s Chrome browser. It’s your browser – re-imagined and built for how you use the Web.
You can follow RockMelt @rockmelt as well as in Facebook.
Finally, here’s a couple of videos to whet your appetite.
My current Alexa ranking is 157825. The reason I brought it up was because Gizmodo posted an article today featuring 300,000 of the biggest websites visualized in a graphic with their icons. The result was based on Alexa rankings earlier this year.
As expected Google, Yahoo, YouTube and Facebook dominated the graphic. I was curious if I made the list. I wasn’t about to spend the whole day looking for it with a microscope, but I was glad to know that NMap has an interactive version. I did a quick search and here it is.
I was pleasantly surprised that I made the list. You can download the graphics if you like or ask for a 24×36 inch poster.
Introducing the Dell Streak. It’s a 5 inch go-anywhere entertainment, social connection and navigation device. For $549 and a 2 year contract with AT&T you can have a Streak which browse the web, watch videos, access social media Facebook, Twitter and more, Google Maps with navigation, and hundreds of other applications from the Android Marketplace. Oh yes, it’s an Android powered device. It’s too bad, just like the iPhone, it’s only available from AT&T. Will you get one?
It looks like AT&T and Sony Ericsson are collaborating on a new Android superphone called the Xperia X10. It features a 4-inch screen, a 1GHz processor, an 8.1 megapixel camera and up to 32GB of memory. There is no word yet whether the device will run on Android 2.1 or the coveted Android 2.2.
The device also comes with Timescape which allows it to make chronological updates to Facebook, Twitter, SMS and other services. The device retails for $149 with a 2 year agreement with data plan. It will be available August 15.
Finally, here’s a preview of the Xperia X10.