Saturday, October 11, 2008

Is Facebook Doing OK?

I was reading French Newspaper LeMonde announcing that Facebook had a gun on his head. The article suggests that Facebook should be worried to see some of his employees are leaving the society, including co-founder Dustin Moskovitz, who is creating a new social website.

Facebook announced they will allow employees to sell up to 20% of their stock options starting November,1, in order to calm down the situation.

I really hate to read these kinds of craps. Facebook might be affected by the financial crisis as advertising budgets are experiencing sever cuts right now. Nevertheless, Facebook has succeeded in creating a product that allow people to interact with their friends, and also used by millions of people around the world. I don't see any other social community websites having such a success. Facebook might be global, not targeted as LinkedIn would be with the professional world, but this is also what makes it so valuable.

I believe that Facebook might be struggling with their development. They are turning from a young start up to a great global company. That requires to have different management skills and probably to adapt their communication. It might take a while, but I believe Mark Zuckerberg is smart enough to find great partners to help him moving forward.

Facebook is still a great company with a great future ahead. The hype around it might light off, which is good for a company that will start generate large revenues soon. But nobody should doubt that Facebook will become a great company.