Can you imagine your facebook account shut down after years of uploading all your precious memories? Honestly, I also feel like Facebook is responsible for me being able to get in touch with so many past classmates and finding friends I haven’t talked to in years. How about all those chats via the walls? It’s like all those funny conversations basically disappeared?
Well, it may be a possibility. Facebook has grown too big for it’s britches. In this Businessweek article, Facebook is reported desperately seeking cash to finance it’s operations. At one time, the wunderkind Mark Zuckerberg was compared to William Gates, but now he may just become another dot bomb CEO if his management skills don’t start to step up. Perhaps it’s not just him that’s the question though at the company. I wouldn’t honestly want to be the Chief Operations Officer. The COO may be blamed for the lack of foresight in the traffic. I remember my days in Doubleclick where that job was literally impossible. It’s so hard to predict and the hardware costs are enormous. The bandwidth issues, the storage issues, the database issues… I would be stressed out.
…or even the CFO who supposedly is a whiz. How can you justify possible profitability when everything’s speculation in terms of profit? How do you make financial forecasts based off of limited products?
Then again, it probably all goes back on Zuckerberg who didn’t have the foresight to understand how to create a profitable business despite all that success. I can’t say I would of done much better, but I’m sure he has a MASSIVELY HUGE LOAD on his mind these days. The jobs and futures of thousands of employees & a product that millions rely on, I’m thinking, ride on his ability to turn it into a profitable business.
Perhaps Microsoft should take over? …or we may see a CEO replacement here quite quickly. If we do, get ready for MASSIVE advertising and possibly even a “per month charge” on your facebook account. Willing to pay for that?
**by the way, I wouldn’t be surprised if my Facebook account gets mysteriously closed for being so critical. Let’s see…