Saturday, January 23, 2010

Facebook Forever



Facebook is without a doubt one of the highest valued websites in the world. The dotcom era stared years ago where Amazon and eBay have maintained dominance in the Internet retailing industry. Facebook, a social networking site based out of Palo Alto, CA has a stock of around 300 employees. Their mission is to make Facebook into the largest and most convenient site on the Internet. Facebook is slowly introducing new applications to make Internet more convenient then ever.
We saw it with the business of retail, going from mom and popshops and butcher shops to supermarkets. Investment banks and corporate banks are now working under the same roof. Wall-mart has everything from socks to televisions to gallons of milk. The employees of Facebook are promoting the same type of mentality. Facebook recently has made great use of the “marketplace” almost like an eBay within Facebook.
Listing anything from apartments for rent to selling used pencils, the members have the freedom to do anything. Our culture has made advancements to make improve the quality of life. One stop shop would mean that Facebook would increase profitability by a huge margin but more so is the convenience for users to efficiently navigate through the Internet. K.D. Lang spoke about how the Internet projects certain stereotypes and how hierarchies order that user space.
Facebook has the potential to change the Internet forever. Think about it, the Internet theoretically has endless amounts of information but the only problem is that there is such an overload of information that it is hard to organize it. Google has allowed the user to shop through keyword searches and help the person get to their end result. If Facebook was the end result then we might just change the name Internet to Facebook because whatever you needed, Facebook is your answer. This theory is very unlikely based on the competition of sources on the Internet however it is possible.

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