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?

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 40% Off IPO

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.

Censorship and Facebook

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.