Why Facebook is still doomed.
Some time ago I wrote that Facebook was doomed because the business model relied on erecting billboards in parks. People were there to play, not be sold to. Since then, Facebook has become bigger than many medium-sized countries and has been valued at more than $50 billion by investment bankers. Oh and my Dad who is 74, is now on Facebook. So if Facebook is bigger than most countries and worth a lot of money, how can I be right? The answer is in comparing Facebook to Google. Google has become uber-successful by opening advertising to the masses. Anyone with …