betting against Facebook
Out of context: Reply #42
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there's the possibility for a cultural revolt of facebook (and other such sharing programs) but I doubt it. Everyone who is saying Facebook is a "fad" isn't recognizing that Facebook has increasingly made things like "sharing", "liking", "posting", etc. a cultural norm.
Just as we didn't revert back to the horse and carriage when the car industry collapsed - we too won't (see: can't) go back to a life pre-social network. Facebook (myspace, friendster, etc.) solved a problem that we didn't know we had; the instantaneous ability to share our lives with those we care about. Facebook owns this market because of their user-base and marketshare (not to mention an endless list of patents).
We could have what amounts to the arts & crafts movement - where we grow tired of the factory-produced, badly-crafted products that factories are spitting out in leu of a finely, artisan crafted object. The obvious substitutions for Arts & Crafts being a service like Path and the factory being Facebook - but I doubt it. If facebook can manage to stay in the background (ads, bullshit, etc.) and allow the service to remain in the forefront (photos, messaging, etc.) it will be fine.