Nothing is more infuriating that going to a website with a video playing on the background. That is what Facebook is exactly doing. They are now playing videos on pages that you open. Sounds like they are more concerned more about counting their video views than the actual user experience. At least they’re trying to be nice by muting the audio if you scroll down past the video. Facebook is giving you the option to have the volume ON automatically, but why would you do that? If you don’t want videos playing in the background at all, you can turn it OFF by going to the Settings and setting Auto-Play Videos to Off. That’s what I would do.
So, Mark Zuckerberg had a bad day at the office. He lost $3 billion dollars in one day when Facebook shares dropped 5.5%. How’s it that possible? Well, the guy owns 418 million shares of his own company, which is worth about $50 billion, making him the 5th richest man on earth.
Of course, he actually doesn’t have all this money in his pocket. The money tied up on the market on the shares he owns, until he dumps some of them and cash them out. Based on his money tied to the market, his net worth will go on the same direction as the market goes.
Essentially, Zuckerberg is going to have good days and bad days.
It’s official. 1 billion people use Facebook daily. Here’s a graphic that explains it all.
The other day, I read that Twitter was trying to make its profile pages to look more like Facebook. A few weeks ago, I recall reading that Facebook was trying to make its real-time conversations look more like Twitter. I really don’t understand. So, why don’t these two tech lovers, both headquartered in the San Francisco Bay Area by the way, just get together and consummate. Then, we will have one giant social media called Facetweet. Think about all the time we will redeem if we post on just one social media platform. We will literally cut our social media time by half. Just think about how we will have more time to ourselves, how we could be more productive, and have a better quality of life. Maybe not.
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?