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Facebook Is Dead, Long Live Facebook

Feb 20 2014, 8:36am CST | by

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Facebook Is Dead, Long Live Facebook

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Facebook Is Dead, Long Live Facebook

The word you hear over and over discussing this $19 billion acquisition of WhatsApp by Facebook is: ballsy.

As in: “I can’t believe Mark Zuckerberg is being so ballsy” or “wow, this is ballsy… he’s really going for broke.”

A couple of years ago here in Forbes, I wrote that Facebook would be “dead” in 8 years.  Not bankrupt dead, but MySpace-dead (meaning MySpace is really around but effectively it’s irrelevant).

So what’s Zuckerberg done since then?  He’s taken mobile revenues from zero to more than half Facebook’s revenues and he’s bought two of the biggest external threats to Facebook’s perch at the top of the social landscape.

If you can’t beat ‘em, ingest ‘em.

Instagram is now off the market for a billion (in cash and stock) or 1% of Facebook’s market cap at the time.  WhatsApp is now off the market for $19 billion in mostly stock (I’m not saying if it’s inflated or not – I’m just pointing out that Zuck is making good use of all the assets the market has chosen to bestow on him at the moment).

Zuckerberg is a student of history apparently.  He seems to have taken Andy Grove’s mantra of “only the paranoid survive” to heart.  He’s also cleverly watched Yahoo pass on opportunities a decade ago to buy first Google and later Facebook itself.  He’s consciously decided to not go down that path.

If there’s any up and coming service that shows promise, the trick is to take it off the market now before these promising companies become market behemoths.

It’s brilliant – really.

Does it show desperation? I don’t think so.  But it shows that Zuck is acutely aware of the ephemeral nature of Facebook’s current leadership.  That self-awareness is a strength, not a weakness.

Is the deal destined to work out?  It’s not clear yet.

The rationale is clearly that WhatsApp is going to continue to grow like a weed and – within a couple of years – will be at over a billion monthly active users.

It doesn’t matter one bit that they made $20 million last year.  What matters is how there are numerous ways to monetize a service with greater than a billion users.

But I saw someone tweet yesterday that Facebook had won the messaging battle if not the war (Jessica Guynn of the LA Times, I believe).  I don’t agree at all and I’m sure Zuck wouldn’t agree.

WeChat is dominant in China, Line is dominant in Japan and many other countries, and Kik is doing great among North American youth.  Although WhatsApp is popular, it’s actually far less innovative in layering additional services on top of their core messaging platform than the others.

But Zuck can change that it he wants.

And, don’t believe for a second that Zuck’s mega-deals are done after this.  As long as he has currency to deploy, it’s clear he won’t be shy to use it.

The old Facebook is dead. Long live Facebook.

[Long YHOO]

Source: Forbes


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Update: 11

Southerners have enjoyed figs from their yards for generations

Source: The Charleston Post and Courier

When fig season starts in Charleston, there is a flurry of emails, postings on Facebook, and people knocking on your door with figs in their hands. The older trees produce figs earlier than the newer trees, so longtime residents, or those who purchased a home with an est ...
Source: The Charleston Post and Courier   Full article at: The Charleston Post and Courier 8 minutes ago


Update: 10

Future Flavas: C Benj

Source: WPEG-Power 98 Charlotte

On this week’s episode of Future Flavas, Yasmin Young sits down with C Benj to talk about his latest music projects and how he’s setting himself to dominate the local and national music scene with his verses! Contact Information Connect with U.R.E by visiting For more information, for promo requests or for interviews, please contact C Benj at 704.777.8576 or Get ...
Source: WPEG-Power 98 Charlotte   Full article at: WPEG-Power 98 Charlotte 21 minutes ago

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Update: 9

Yet Another Man With a Gun Just Murdered His Wife and Children

Source: Mother Jones

In Saco, Maine on Saturday night, 33-year-old Joel Smith used a pump-action shotgun to kill his 35-year-old wife, Heather Smith, his 12-year-old stepson, and the couple's two biological children, a 7-year-old boy and a 4-year-old girl, before turning the gun on himself. The horrific scene was discovered on Sunday morning after a concerned family friend called the apartment complex where the Smith family lived and asked a maintenance worker to check on them. In a statement to the media, a ...
Source: Mother Jones   Full article at: Mother Jones 22 minutes ago

Update: 7

Top Dominican Republic Beach Resort Lifestyle Holidays Vacations Club Reaches 5,000 Likes On Facebook

Source: PRWeb

Lifestyle Holidays Vacations Club, a premiere vacation provider in the Dominican Republic, celebrates reaching 5,000 Facebook likes and thanks its fans.(PRWeb July 30, 2014)Read the full story at ...
Source: PRWeb   Full article at: PRWeb 52 minutes ago

Update: 6

Facebook Is Killing Off Its Gift Service Altogether

Source: Gizmodo

The laziest way to send your nearest and dearest a gift is gone: Facebook has announced that it's killing off its Gifts service entirely as of Au ...
Source: Gizmodo  Full article at: Gizmodo 1 hour ago

Update: 5

Diageo appoints Nicola Mendelsohn to board to boost digital marketing expertise

Source: Marketing Week

Facebook’s EMEA boss will become a non-executive director of the Guinness maker. ...
Source: Marketing Week   Full article at: Marketing Week 1 hour ago

Update: 4

Premiere: Vow - Pretty When You Cry

Source: Clash Music

A more than worthy Lana Del Rey cover...With our Lana Del Rey issue just about still on shelves – if you’re yet to pick up a copy, do, as issue 97 of Clash magazine is waiting in the wings – we thought it’d be a fine way to round off the run with this: an entrancing cover of Lana’s ‘Pretty When You Cry’. One of the better cuts on Del Rey’s recent ‘Ultraviolence’ LP (review), in the hands of (new to us) Los Angeles electro-noir pair Vow the song takes on a darker edge while ...
Source: Clash Music   Full article at: Clash Music 2 hours ago

Update: 3

War relic found at construction site

Source: Channel News Asia

SINGAPORE: A suspected war relic was found at a construction side in the western part of Singapore on Tuesday morning (July 29), the Singapore Army said on its Facebook page on Wednesday.The 86cm-long war relic was a 107mm calibre round that was fused and fired, according to the Facebook post. The Army added that the protective cap was missing and the striker head was exposed – making the round extremely danger ...
Source: Channel News Asia   Full article at: Channel News Asia 3 hours ago

Update: 2

Facebook takes the lead as the most popular social media platform amongst FTA channels

Source: AME Info

New research from the Arab Advisors Group analyzes and compares the social media presence of 40 Free-to-Air satellite channels in the Arab World. By end of June 2014, National Geographic Abu Dhabi took the lead in the number of Facebook likes, while MBC Group had the highest number of YouTube subscribers on its ...
Source: AME Info   Full article at: AME Info 3 hours ago

Update: 1

Xolo Play 8X-1000 With New 'Hive UI' to Launch in First Week of August

Source: NDTV

Xolo has revealed on its Facebook page it will be launching the new Hive UI alongside its Play 8X-1000 smartphone in the first w ...
Source: NDTV   Full article at: NDTV 5 hours ago

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