This one’s gonna sting: Reuters suggests that Facebook is losing its cachet, to an extent. #Teens are far more excited about Snapchat; Facebook Home hasn’t exactly been a soaring success. But the site isn’t going anywhere, probably, because it’s such a big, bloated part of the Internet that it’s practically a utility company.
Is there anything more bittersweet for a “disruptor” to hear?
“They’ve gotten so big that it’s one of those things you have to use,” said Dan Niles, chief investment officer of tech-focused hedge fund firm AlphaOne Capital Partners, which does not have a Facebook position. “You may not like the electricity company but I guarantee you you’re still getting electricity.”
Entrepreneur Bill Lee twisted the knife: “The newer, exciting stuff is coming from startups, but Facebook is really going to be the glue at the middle.”
You know what else ends up as glue? Workhorses that are too old and broken-down to do their jobs any more.