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Does Facebook Really Have Three Years To Figure Things Out?

October 9th, 2008 Posted in Silicon Valley, Social Media, Web

Facebook founder Mark Zuckerberg tells us, via an interview with a Frankfurt newspaper, that they are currently experimenting with a number of models and expect to have worked out their optimal way to monetize within three years.

I agree with his premise that the model for social networks is different to the Google ad-based revenue model - people visit socnets to hang out, not to click through. I also agree that experimentation is good, but will it seriously take them three years?

Perhaps something got lost in the translation from Zuckerspeak to German to English.

[via Silicon Alley Insider]

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This entry was posted on Thursday, October 9th, 2008 at 10:14 pm and is filed under Silicon Valley, Social Media, Web. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Does Facebook Really Have Three Years To Figure Things Out?”

  1. David Dalka - Creating Impact, Change and Revenue Results Says:

    October 13th, 2008 at 4:02 am

    Speaking Of Facebook - It Needs Change Management of Customer Service…

    There has been some discussion today of Facebook’s business model.
    Forget about monetization, can Facebook survive without any useful customer service improvements? While 98% of the service works great on autopilot, there is absolutely zero custo…


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