Facebook: Beyond Domination

Posted: April 8, 2010 in Research, Social Media, Social Network, Websites
Tags: , , ,

Take a look at today’s Business Insider Chart of the Day provided in an article on http://www.businessinsider.com by Nicholas Carlson and Kamelia Angelova.  In March 2008, Facebook was not the most popular social network; it was MySpace. Now, two years later, Facebook is beyond domination.

One of the recent speakers in our USC Technology Class was Entrepreneur Brian Norgard, who said that “Facebook is eating the Internet. It’s mimicking real life in a digital format.” I agree with him. Facebook’s popularity is on a totally different scale than the other social networking sites with over four times the number of users than its closest competitor. In their Chart Of The Day article, Carlson and Angelova said that ‘Facebook’s ad business is booming due to virtual game studios acquiring new users and “Pay With Facebook” which gives the site a 30% cut of the virtual goods market.’ They also stated that “Pay With Facebook”could end up as a one-click payment option across the Internet.

Like I said…Facebook is beyond domination, and I would argue entering Google-like status if it’s not there already.

Here’s a link to this article: http://bit.ly/a6PiXe. If you want to subscribe to the Chart Of The Day, you can enter your email address below the article.

  1. Blake says:

    Cool chart! No wonder Google is incorporating social search into their engines.

  2. Ruby says:

    “Facebook is eating the Internet. It’s mimicking real life in a digital format.” True, Facebook is eating the internet, about the mimicking real life in a digital format part, Facebook right now is more about mimicking our real world social relationships, there is still much more in our personal life that have stayed intact and not been moved to the digital domain yet, but I can see that is slowly happening too and could be the future opportunities for these social networks, and also for the internet.

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