What is the Facebook of the present compared to the Facebook of the past? In my “World’s End” blogs I focus on the content that allows success when others have failed. Over the course of our existence many companies have come and gone. They have seen their world end and become replaced by another. How has Facebook prevented this “touch of death” and remained successful?
Facebook recently announced they had 500 million users around the world. It began for college students, but is beginning to take over every social network on the planet. “It is even challenging Google with a vision of a web tied together through personal relationships and recommendations, rather than by search algorithms (NY Times)”. Instead of going to Google to search reviews, people are getting feedback from those on Facebook with their likes and dislikes.
Although Myspace catered to those wanting to drastically changing the appearance of their profile page, Facebook has limited that amount. This allowed Facebook to be faster and be prone to less spam and visual clutter.
However, the same as any organization, they must listen to their users and be willing to change depending on the needs of said user. Privacy over the internet is a big issue and may be the only threat to Facebook’s success.
http://topics.nytimes.com/top/news/business/companies/facebook_inc/index.html