Facebook was supposed to become the Google of social networking. It’s not going to happen. Facebook is over the hill and has reached the social networking implosion point.
Opening up Facebook to non-students and third party apps has not increased the value of the platform; it has diminished Facebook’s usefulness.
A Facebook application may deliver eyeballs, but the value of those users is questionable. Development time and energy may be more wisely spent on widgets that can be plugged into any network.
Mark Zuckerberg’s time to cash in is running out. This week something is up at Facebook, as Valleywag and Caroline McCarthy have reported.
"Microsoft, Google, and Yahoo -- as well as a host of freelance moneybags -- continue to press their offers to shower Facebook, the hot social network, with dollars and ads. And last Wednesday at San Francisco's Web 2.0 Summit, CEO Mark Zuckerberg said his company was close to clinching a deal."