Fwah Moment:The economics of Facebook and profits
I have shared quite a fair bit on my take for facebook. I used to think its great to keep in touch with friends and it’s a truly remarkable model where they keep you on it by playing a lot of games that requires attention and twitter like comments.
However, from a business point of view I see it as a downside to productivity. I seen colleagues in the past and friends spending their working hours playing facebook or checking what their friends said. That time could be better spend doing things more productive instead of complaining about no time to do things.
Its good to check it once in a while but for some it might have become a great distraction, an obsession even.
The astounding thing about this infographic is that it seems the app revenues earn from this market is much bigger than that of Apple’s app store:
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