I have been following debates on Facebook and about their failures their inability to be profitable and all that while some people have their suggestion on how Facebook can make money. I have always thought that Facebook knew what it was doing and was only bidding their time. Events changed that thought
- The redesign of Facebook: Facebook’s redesign to have the ‘real-time’ nature of twitter gave credence to Facebook’s insecurity about the popularity of Twitter and also their attempt to buy twitter
- The report that Facebook wants to make money selling Vanity urls. e.g http://facebook.com/Oo
- TechCrunch story about Facebook new business model being to sell virtual gifts! That actually was the last straw. Since Arrington rarely get his stories wrong (ass kissing here), I took the tale with a hefty spoon of salt.
Consequently, because I love Facebook, I have decided to write publicly my own ideas of how Facebook can redeem itself and become profitable company to be taken seriously.