Has Facebook “Jumped the Shark?”

Journalism Professor Lee Banville asks whether Facebook has “jumped the shark?”

He quotes Eric Schmidt: “Every two days, we create as much information as we did from the dawn of civilization up until 2003.”

Here are a couple of other factoids Banville mentions to give an idea of the explosive growth of information on the Internet:

“Every minute 48 hours of video is uploaded to YouTube.”

“Every minute 2 million people search Google for something”

In the sphere of the Internet, Banville observes, there are about four titanic “gatekeepers:” Google, Amazon, Facebook and Apple (iTunes).

Most of those gatekeepers have various ways to make money.

Banville, in this short video, explains why Facebook has only one way to make money, and why, since it went public, it will be under continuing pressure to increase its profit year after year.

Banville_Lecture

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3 Responses to “Has Facebook “Jumped the Shark?””
  1. FB has become the de facto standard for large numbers of our community. In fact, when I joined a group which shall remained unnamed, someone took a disliking to me and I found my regular account blocked, and receiving a message that looked like this, in several variants: http://www.flickr.com/photos/keachie/8571354578/in/photostream/ I went on with a reserve FB account, and got the reserve account connected up and into the group as a new member. Meanwhile, back on the main computer FB kept up the ruse of “maintenance” and “just a few more minutes’ for 16 hours.

    Some years back I set up a site that would serve as an alternative to The Union when I was blocked there, and I guess it is time again to set up such a site and notify all my friends of where to find me, should I go mysteriously cyber-missing. In fact, as before, I’ll set it up so that anyone who can prove NC/Sierra/Yuba county residency can join, and thus provide a connection in the event of FB going down altogether, for whatever reason.

    I don’t think it has jumped the shark, I think it has become too big to fail, so we need backups. Too bad the Union doesn’t reopen its chat comment boards, so narrow minded!

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