Quinte, On. real estate agent: June 2011

Good Lord, No, Not Another Social Network!!

Google is going to take another run at Facebook with yet another Social Network. Orkut and Google Buzz didn't quite meet their expectations I guess. Orkut is quite successful outside of North America, but Google is after the all important American market. Nothing seems to have captured the public's attention like Facebook.

This new service will be called Google+, and is already available to a small number of people. Soon it will be rolled out to the likes of you and me. You can read about this here.

Of course there will be differences between this new network and all other existing networks, but frankly I don't think I'm going to care all that much. I just can't handle any more social networking. (I say this now, but I'll probably be on there, grudgingly at first).

I have already started to ignore my Twitter account. My Linkedin presence is very poor as well. I took a run at a Facebook business page and have had a bit of success with that. Now there's all sorts of applications on Facebook that I'm getting invited to join, and my inaction is due to paralysis, I am starting to feel overwhelmed.

Facebook frightens me a bit. It's a company that's worth quite a few billion dollars, but is severely lacking in bricks and mortar. Analysts say that Facebook is valued at $50 billion. For the life of me, I cannot see how. $50 billion is about 25 times its 2010 revenue. It doesn't add up for me, and I think it's grossly overvalued, and I imagine there will be quite the fallout if it plummets. I am guessing that a lot of its valuation is based on the idea that it will continue to expand in the future as it has in the past. Google's new service could have an impact on that.

I embrace technology as much as the next guy, perhaps much more than the next guy, but I seriously need a holiday from the internet.

Comment balloon 76 commentsMalcolm Johnston • June 28 2011 03:08PM
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