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Facebook’s Growing Pains
By Mark Evans | October 31, 2008
According to TechCrunch, Facebook may have to raise even more money to support its rapid growth.
Strong growth is always a nice problem to have but growth also comes with costs: facilities, staff, utilities, etc. Facebook’s problem - if you want to call it a problem - is it’s aggressively building an operating structure to support growth but it’s still waiting for revenue to gain more traction.
For anyone who thought Facebook was losing momentum, I went to a new media conference in Montreal earlier this week where I did an informal audience poll about what social media tools people were using.
A handful of people had blogs and a couple used Twitter, while the vast majority had Facebook accounts. This was not a tech/geek audience, which suggests that while the geeks are busy looking for the next toy (e.g. Twitter), mainstream users are still climbing on the Facebook bandwagon.
For more insight, Traffick has a good post looking at Facebook’s different revenue options, including premium services.
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Topics: Web 2.0 |