- Category: Technology
How Long Will People "Like" Facebook?
In less than 24 hours, a number of new members will be joining both the millionaire and billionaire club. The reason for this is the initial public offering (IPO) of Facebook which is estimated by many to generate over $100 billion dollars. Not only will the IPO make a giant splash on the NASDAQ, but it also could be historical in terms of financial capital acquired from going public. With investors everywhere licking their chops for trading tomorrow, the technology experts at GPS Tracker Shop want to know what readers think about the companies' long-term sustainability as company?
There is no denying the popularity of Facebook. With nearly one billion registered users with Facebook accounts, a large portion of the world spends time updating statuses, liking pages and sharing information with friends. Although it would seem as though the company has achieved what appears to be the ceiling in terms of growth, the company has not stopped trying to expand, as it now is aggressively marketing in Brazil, India and China.
"Facebook is more than just grunge clothing, skinny jeans or some other short-term trend", stated a social media and marketing associate at GPS Tracker Shop. "Kids are on Facebook, parents are on Facebook, and even grandparents are on Facebook. The website has literally revolutionized the way people connect and share information. And speaking of revolution, people in repressive countries such as Egypt and Tunisia were able to use the social networking website to aid in uprise, creating what is now defined as the Arab Spring."
As Steve Jobs once stated, people speak about social networking in a plural context, but Facebook has really been the only player in the game. MySpace was huge for a short period, but eventually fizzled out. Google Plus continues to be promoted on commercials and other avenues, but the social networking platform still appears to struggle connecting with people. Competing against Facebook is simply too much of a challenge because so many people already are subscribed to the social networking website, and are more than happy with the platform. Most people don't change simply for the point of making change. That leads to the hypothesis that if Facebook fades, social networking altogether would have to fade, and that does not appear on the forecast by anyone.
With the expansion of smart phone technology allowing people to use social media applications on the go, Facebook has the foundation needed for long-term sustainability.
Are you bored with Facebook?
Do you believe Facebook will still be relevant 20 years from now?