Thursday, 31 May 2012

Facebook Jumped The Shark

With a disastrous IPO behind it (Launched at $38, touched $42, now at $28), and a full set of lawsuits ahead, the 'kick 'em while they're down squad' has gone into overdrive 

Of course Facebook ain't dead, and it'll be a long time dying - just like the rest of the non-mobile web. I'll use it until they prise it from my cold dead hands!!

But I do agree that Facebook has jumped the shark - and I'll tell you the date - May 12, 2011. 

That was the day that  Facebook was caught with their pants round their ankles using Burson Marsteller to spread poison about Google.

At the time, it wasn't a killer blow. But once the doubts about the IPO began, that loss of trust in FB (and all their hired b-sh*tte*rs) crystalized into fear that the whole IPO was one big scam.

Of course it wasn't a scam - after all, FB believed their own PR by then, so they just did what powerful guys always do - help their pals and leave the little guy to pick up the pieces.

It all matters now, because the lack of trust will make breaking into mobile tougher; it'll make overcharging advertisers tougher; it'll even make schmoozing lazy journos tougher with their next PR effort.

No,  Facebook ain't over, not even close. But yes,  Facebook  jumped the shark.