Yahoo failed, in part, because its competitors were better.
Being better than Facebook doesn't mean just replicating its technology, it means having a better social graph.
That's a hard problem to solve.
Being better than Facebook doesn't mean just replicating its technology, it means having a better social graph.
That's a hard problem to solve.
Now facebook is your public profile, where your aunt, parents and employer can see everything you do and judge every post you make. That's why we have nice pictures of cityscapes, nature, holidays and of food on our profiles. Because anything intimate or controversial would be exposed to a too big audience for comfort.
So the market for smaller circles of "parent free zones" is wide open. I personally believe that's one of the reason Instagram got traction, your parents and employer weren't there in the start but your friends were. Just look at Tumbler.
Most FB users probably aren’t “power users”.
Facebook could have become an engine that allowed society to maximise human capital and but they sacrificed all that potential at the altar of growth hacking and bleeding advertisers dry.
Socially, it is extremely out of touch to even offer such a service to individuals.