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People like having separated networks. Google and Facebook tried to solve that with groups and circles but noting that they are the same unified place, it unsettles people. MySpace was different to FB. FB is used more as an indication and verification of a person. This is based on the root of using EDU address to sign up.
Many people try other networks but stick to FB because of connectivity. Many abandon as they realize that everything links to FB and when FB offers something similar, they trend back.
Today's MySpace is Tumblr. If you haven't notice, there are many role playing community linked by Tumblr with customized crappy sites like MySpace. There is a place for it. Regardless, everyone still links back to FB.
The danger for FB is that it lacks international growth. Too many competitors catering to local markets and unable to adapt to such will isolate it as a primary US network.
While mobile is an issue right now, it wont be later.
I am still puzzled by all of these apps and networks still focus on advertising as their primary revenue source.
Instagram is replacing Facebook for me. I find Facebook so boring lately, but Instagram is always fun.
"The slide continues..." as CNBC just noted
"How low will it go?" –limbo
They should program a Nelson gif in google finance whenever a stock drops 5%.
The face recognition software purchase is a bit scary."Who's that chick?" (click) "Oh it's Sarah Jones from....."
I'm expecting a jump on facebook soon.
Forget Facebook, Renren is the next big thing.