1 in 5 Facebook Employees Worked at Google
blog.redfin.com
blog.redfin.com
i know it's almost taboo around here to suggest that someone could even consider switching jobs for better pay/more potential stock upside vs. considering only some sort of imaginary "passion" for their job, but that's how it works.
In particular, if you start at Facebook today, the stock units you get are being sold on secondary public exchanges at frothy values. The stock is as close to fully and fairly valued as it's going to get short of an IPO.
i joined a company a year before its IPO, got a modest number of shares, and it amounted to a nice little bonus every month. didn't make me rich but allowed me to build up a lot of savings while paying down my mortgage. it's totally worth trying to get into that situation if the option is available.
People are jumping back and forth between Google and Facebook because they are so similar, but may offer differences in the exact position and compensation offered.
You're forgetting that open standards can also threaten Google's entire business model. Semantic Web standards (and related technologies being worked on) will eventually make conventional search engines like Google completely obsolete.
At one point, the serious future threat for Google was Facebook, because Facebook was a big walled garden, that Google couldn't crawl. If Facebook is the number one web page for a few hundred million people, businesses start to operate inside Facebook more on more, which would make Facebook a good starting point for your searches too, making Google the second choice.
Although other aspects of this scenario have happened, the search part hasn't, and it seems that Facebook has changed the strategy from walled garden to more open place, and try to become a critical infrastructure piece of the whole web with like buttons and instant personalization.
There will something completely new, like visible now in mass personal computing shift from desktop (Windows) to mobile (it looks like the Android is next main OS).
The great question is what will push Google into oblivion.
More and more internet activity is taking place in 'closed-wall' communities like apps and Facebook that Google Search can't touch (and, hence, can't monetize) for the most part. This trend is gaining real traction as it seems well equipped to satisfy folks' demand for better, more relevant filters. The power of social networking to help build and refine such filters is pretty telling... just think about how much of your 'news' you get off your Twitter or Facebook feed.
Unless Google figures out a way to penetrate closed-wall communities (via strategic partnerships, licensing of some sort or whatever) or innovate some super useful product that brings in revenue on the scale of AdWords (GoogleMe?), we'll probably see a piecemeal dethroning happen.
This is probably one of several reasons why smart people are migrating from Google to Facebook.
Facebook on the other hand can be replaced with open standards and tons of little nodes everywhere. It isn't even all that hard, coordination is the biggest problem. (Or if you prefer, yeah, it's hard, but the original timeline was 20 years. It's not 20 years worth of hard. Again, think back to 1990. Consider the history of open source software since then. Creating distributed-Facebook is not harder than KDE or the Linux Kernel, each of which is only a vanishing fraction of the open source world's output in the last 20 years.)
Semantic Web standards will make Google obsolete? You haven't noticed them leading the charge to actually get these things out into the wild? The little tables of contents, phone numbers, etc in search results? And they're the best in the world, from what I can see, at semanticizing content that wasn't semantically labeled by the originator.
Did you mean that in 20 years, technology would progress so rapidly that change will be near instantaneous?
We're also talking about a completely different society, like most societies changed from the '60s to the '80s and so forth. Different needs, different priorities, different state of affairs in a global level.
Take Google, for instance. Google first offered a useful product on 1998. Turned a profit first in 2001 ($105 mil). Its IPO took place in 2004 ($23 bn, wasn't it?). Even if one were so dense as to deny the upcoming global dominance of Google (at least in online search) back in 2000, those timeframes are so off the 20 year mark it's not even funny.
And yes, of course I expect progress (regardless of scale) in the future to take place a lot faster. We've already seen trends spread overnight. Who says someone won't be able to capitalize on such internet behaviour? Even if I'm too irrelevant to tell, I seriously doubt there won't be someone in 20 years' time.
Thanks for the exposition!
You statement is ambiguous; it doesn't say whether facebook will be the former or the latter. (my take is it could easily go either way).
Technically what I said was not ambiguous.
If you quote the first sentence alone, it could only be considered ambiguous if you consider "dying internet fad" as a favorable bet. My 2nd sentence confirms my intent.
Changing my primary search engine requires no effort at all on my point, and I lose practically nothing by doing so.
Gmail is probably Google's most-likely-to-last product.
Also, people might want to change from Facebook, now that their employers and parents are on it.
There seems to be an inflection point in just about every major tech company's history. First they have to dominate their initial core market. Then they need to figure out how to make money off it. Then they can use the data gathered from their core, and the top-notch employees they hire with the money, to launch lots of innovative side projects. Then everybody starts taking their innovative products for granted, but they make so much money that management can't justify letting people work on further innovative side projects that will fail 90% of the time.
FaceBook is currently in stage 3. Google would be in stage 4, except that the founders still actively push through projects like Wave and Instant and self-driving cars. I predict that ten years from now, both companies will be in stage 4, and the new hotness will be some company that hasn't been started yet.