- http://www.estartups.org/news/doubling-down-on-facebook-in-future/ I personally think that the Google has some problems on the way, and this is indeed troubling the company. Mark Zuckerberg, Facebook founder said in his first Interview since the share debacle that they are about to double down on Facebook. One notable aspect he mentioned, is that Facebook will now focus on Search. He said Facebook gets more than 1 billion search queries per day. They are now going to target this and look at establishing a launching a robust new search engine. Not much information has been provided as of yet, but Google sure have some trouble when a new search engine is launched that already get 1 billion searches a day from an active community. If Facebook does this right, Google may very well have met its nemesis!
He's just trying to recover the 50% he lost in worth, I mean if the shares plummeted 50% & he is the CEO of FB so it's his job to try & recover some ground that the over valued shares lost. He also said that he would not be selling any part of his 500 million shares that he owns. So in my opinion - Google would be laughing to the bank & watching the social giant slowly crumble.
Agreed, he did loose a lot of money in terms of his fallen shares, however, he still owns the company, he still has 950+ million active users who conduct 1 billion site searches each day. Should he go that route, he will probably, instantaneously establish the world's second largest search engine. Who knows what will happen from there.... A proper search engine, not only focusing on Facebook alone, may probably be in a position to surpass Google very quickly. Google knows this and that was one of the reasons they made a few offers to buy Facebook some time back.
@pnaidoo,correction he does 'not' own the company the shareholders 'own' the company of which he holds shares which is correct but what he does have is a majority shareholder vote in the company of over 50% this is down to a complicated share structure so technically speaking as a rule as he has the voting power to over ride all the other board directors and this inturn gives him complete rule of the company but he does not own facebook.
Yes, I agree that he does not "own" the company himself, but, this does not take away the threat to Google if Facebook indeed launch a new proper search engine on its platform. If this is done right, Google has serious competition and trouble.
Google have nothing to worry about at this stage of the game,the differance between Google and Facebook are massive and what i mean by this is FB offers to a certain extent just one service social media but Google offers many services hence they spread the risk around alot more to reduce exposure to potential downturns you just have to look at alot of the other have been social media site like Bebo they quoted massive amounts of visitors but just a few years down the line they are dead.If someone else comes along with something different the potential migration away from FB could be huge so this is why i keep saying cut away all the hype of FB and it has to earn more revenue and this is not happening it makes no odds how many 100s of millions of visitors the site has its how you transfer that into revenue as revenue is the bottom line survival of any business. The burn rate from the IPO is huge as it take alot of money to service the server requirement to run a platform like that,i will give him 18 months to start getting some serious revenue coming in or it will die.
Another issue is monetizing FB's mobile users, with the 1/2 a billion users who are mobile based, the majority of these customers are also using Facebook for free thanks to their mobile plans - hence they get free FB but they don't receive free internet. So if the majority of mobile users can't/don't access the internet it leaves the ad's to external sites useless... they then turn to ad's specifically made for FB pages & FB related content. This was another point that Zuckerberg addressed recently to boost the share value. It's also an issue for webmasters who use FB for marketing.