Facebook: A complete waste of time?

Posted by avatarErik last updated October 30, 2007 at 1:13 pm

Since this thread was started their have been some new developments in the Facebook story:

  1. Facebook opened up as a developer platform for third-party apps
  2. Microsoft invested $240M in Facebook for about a 2% stake in the company ($15B valuation)

The first point changes the game significantly I think. There is quite a bit of promise in Facebook as a platform, leveraging it's social graph and you can't deny the power of the network (see Social Networking in Plain English). I've changed my position slightly from apathy to more of a curious interest in whether or not the apps thing will take off. And not just vampire or zombie apps!