Why Facebook will eventually fail
I’ve been having a conversation with a colleague at Agency.com about whether Facebook has established such a dominant position as the community site to use, that it won’t be knocked off that position. The idea we’re discussing is that so many people now use Facebook, that the hassle of moving would be too great for anyone, and the open application platform they’ve rolled out means that much future innovation will happen inside Facebook in future, rather than on new platforms.
I have a long-standing scepticism about dominant trends. Altavista used to be the top search engine, and IBM used to make all the PCs. I don’t think there are many unassailable positions in business, especially in a space as innovative as the Internet.
Yesterday I was reminded of the reason for my scepticism. I went to an event organised by the British Computer Society, about the next 50 years of technology. All sorts of exciting things are coming (including personal jet-packs, of course) and some of these will make serious impacts on our lives. Some of them, like the super-exponential increase in computing power and Internet bandwidth, will drive incredible innovations that we are only starting to see today. Video, interactivity, mobile, device convergence will all be important drivers for change
This is great if you work in digital business, but what has it got to do with Facebook? The answer is that all this innovation is going to lead to new social ideas, structures, devices that we can’t imagine today. Some of them will come this year or next year. And Facebook has as little chance, or as much, as anyone else of creating those innovations. In fact, because they have an operational business to manage and grow, their chances of innovating might even be lower than those of a couple of kids in a garage somewhere.
So if you’re thinking you’d never be able to survive without Facebook, it’s only a matter of time.
