Facebook has its limitations. It’s the quintessential social sharing platform for a new generation of Web 2.0 users and has changed the way businesses advertise and market themselves. Facebook also allows its 500 million users to share photos, videos, check-ins, and updates, and may even be integrating VoIP services through a strategic partnership with Skype. And there’s some heavy-hitting and world renowned investors backing the company’s vision; recently, a private investment arm at Goldman Sachs made a half billion private placement in the company’s via partnership with an elite Russian private equity firm.
Facebook is now estimated to be worth as much as $50 billion, calculated by blending the most recent trading price of the company’s stock on secondary markets and forward-looking earnings. A 2010 blockbuster film about the birth of the company and its sly 25 year-old founder smashed box office records with gross worldwide revenues of $200 million. All of this has been accomplished in just 7 short years. But with every passing cosmic milestone Facebook reaches, I can’t help but wonder why some of the most basic features and functions of the site remains outdated and neglected.
