09 Nov 07 Are You a MySpace, Facebook and YouTube Party Crasher?
posted by Christian
It’s classic at this point: a site blows up within the younger demographics, the hype builds, and then the adults (I begrudgingly admit to being one) come in and crash the party. I’ve been at these parties, figuratively and literally, when the parents come home. The record player scratches to a stop, 75% of the attendees run and the rest stay to try to somehow make the best of a bad situation.
By all standards and measuring sticks, Microsoft did put a $15B bounty on Facebook’s head. But, honestly, I am not buying it. My two cents is that Microsoft paid $240M for the rights to advertise on Facebook for an extended period of time: the 1.6% in this case was FB’s way of placing some more incentive on the deal. But, heck, if one is playing the valuation game, I guess you can’t blame Facebook for going big.
So, here is my theory: a web company hasn’t arrived until the old timers show up. So where’s the party?
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Speaking of facebook will there be a wellcomemat app?
We won’t open up like FB did anytime soon. But, the idea has definitely crossed our minds a couple times. If you are referring to WellcomeMat creating a Facebook application for their site, I would say that this is unlikely. We have thought long and hard about this in the past, and have too many other plans to implement to be able to dedicate enough time to this.