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posted by
LaminatorX
on Saturday February 22 2014, @12:00AM
from the It's-like-a-telegram-but-on-a-phone dept.
from the It's-like-a-telegram-but-on-a-phone dept.
siliconwafer writes:
"Facebook's purchase of WhatsApp has generated a lot of noise in the financial and tech industries, with some calling the purchase price 'down-right silly' and 'jaw-dropping', and others have said the price is fair, but question the strategy. Is the purchase price evidence that we're entering entering another tech bubble reminiscent of the 1990s? Some say no, while others believe that a bubble may exist only in social media, given that the Global X Social Media Index ETF has outperformed the NASDAQ over the past year."
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Have we entered another tech bubble?
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I'm not a robot like you. I don't like having disks crammed into me... unless they're Oreos, and then only in the mouth.
-- Fry
(Score: 2, Insightful) by edIII on Saturday February 22 2014, @04:05PM
It's definitely FB trying to stay relevant in the marketplace.
All of the immensely stupid young people that ditched their privacy for the mass mutual masturbatory practices at FB have had some *hard* lessons in the last 5 years.
Story after story about people getting fired, refused promotions, forced to hand over passwords to human resources, vigilante justice (really screwing up, pissing people off, and having it go viral), super-critical-cringe events where fedoras spontaneously catch on fire, etc.
In other words, they are figuring out that the Internet has a really complicated and impressive memory in which nothing ever truly dies. You can't remove your tits from the Internet, and you can't un-say that stupid racist remark that got you fired from work.
The trend now for what I can see is services that still allow those greatly enjoyable mass mutual masturbatory sessions, but in a way that is far less organized providing a sense of greater privacy (the irony).
Social networking will enjoy a new growth period when it embraces privacy as the fundamental principle that guides it. Not Big Data and Big Marketing.
The kids are figuring out. Which is surprising in of itself. It's a push back from the cliffs of Idiocracy, which is a good thing.