SirBryghtside said:
lacktheknack said:
MarlonBlazed said:
You think this is because [a href=https://www.google.com/finance?chdnp=0&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1338580800000&chddm=3910&chls=IntervalBasedLine&q=NASDAQ:FB&ntsp=0]there doing so well on the stock market[/a]?
Holy balls, what happened?!
From what I vaguely remember hearing on the radio a couple weeks back, they don't actually have a system of making money. The adverts apparently don't give them much at all.
I don't get it either. I either missed something or they are the most colossal idiots the world has ever seen.
It seems a common problem with web services. The problem is, people come up with some interesting idea, then turn it into a 'business'. Except, as interesting and/or useful as the idea itself is (not saying facebook is either, but let's leave that for another discussion), these services frequently aren't designed very well from a commercial perspective.
Or rather, they're great at what they do, but not so great at bringing in money.
The people that made twitter for instance still haven't figured out how to make any money from it at all.
Facebook meanwhile has hundreds of millions of members, and still can't seem to make a decent revenue stream? It makes you wonder...
At least the 'free to play' games model works quite well. That's built around the idea that only about 1 in 100 players will ever pay you anything, but those that do will earn you more than enough to cover the cost of the other 99 'free' players.