However you slice it, both SAP and Facebook have major share of their respective markets. Facebook seems to monetize the market better. Next story please.
I also like that by his own metrics Facebook has ~800m users, SAP has ~500m users, therefore Facebook is insignificant?
But of course, TFA is (apparently) a SAP consultant and his tagline is "Tangential Musings about Enterprise IT". It's not like he's going to say otherwise.
And in the meantime, the global economy is going down the drain and Bubble 2.0 means that investors are throwing more of our savings down the drain. Some of the latest startup IPO valuations have been ridiculous.
Yes, my primary income is SAP consulting, but that doesn't mean I am not interested in wider IT issues. Facebook is a very relevant trend, but social media is a fickle partner, and the crown has changed hands several times already. Valuing it at 19x earnings is nuts.
Please do take a look at the innovations that SAP are doing. I look at wider market trends and I think what SAP is achieving in innovation is well beyond what Oracle/IBM/Microsoft/Google are doing right now. You may be surprised.
On the flip side, SAP revolutionized business software and as a consequence, business organization. That's pretty interesting too. I know which side I would come down on, but simplifying the debate to profit margin misses the point by a wide margin.