Facebook is circling the drain and knows it
by Devin on Apr.04, 2009, under Webpages
Facebook’s new scheme to not stop existing is to try to convince users that they want to give each other ‘credits’ for especially good updates (at the tune of $1/100 credits). The only things you can use these credits for is to give them to another user or buy a virtual gift and give that to another user. So by doing almost nothing Facebook hopes to rake in some of your cash. I’m sure you can see why this won’t work, why cant they? This is just the latest in a long series of events that shows Facebook is on the way out and is well aware of this fact. From multiple UI changes to a fairly constant firing of CFOs, there is no shortage of signposts pointing down for Facebook. It’s death certainly won’t happen soon, their userbase is still growing nearly exponentially and they’re still one of the best social networking sites there is, but its only a matter of time until the end.