Facebook = FuckedBook?


That’s what the Economist claims here. Money quote is the subhead right up top: “Social networking will become a ubiquitous feature of online life. That does not mean it is a business.” Economist likens Facebook to email — a great thing but not a big money maker. Shockingly, renowned bubble blower Henry Blodget says he’s more optimistic about Facebook’s chances. (Which, if memory serves me, means that Blodget is actually deeply pessimistic about Facebook and is telling his friends they should run away from this POS as fast as they can.)