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> Who cares what people say? I agree. For me, Facebook has become more of a utility. If asked the same questions I would probably answer in a similar way. I do
by bdat 12y ago
> Who cares what people say?
I agree. For me, Facebook has become more of a utility. If asked the same questions I would probably answer in a similar way. I do not 'love' Facebook the way I 'love' other products but it has its uses.
- xwowsersx 12y agoExactly. It's a utility and for whatever that utility is, apparently the product is working fantastically.
- williamcotton 12y agoI agree that it is a utility. However unlike water or electricity, Facebook is free service subsidized by advertisements. That's a pretty horrible business model because they have to extract value from their users by reducing their privacy, controlling their information and identity, and cluttering their communication channels with noise.
- Joeboy 12y ago> That's a pretty horrible business model It hasn't has yet proved to be an unsuccessful business model though.
- williamcotton 12y agoBecause their main costs are detached from their main revenue streams they have no way to accurately price how much a user costs them and how much value they provide. That's what makes it a horrible business model. How do you optimize what you can't accurately measure?