Today's letter from the Editor
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i Editor's Letter: Absorbing 'new new things'
In the end Mark Zuckerberg emerged as "only" the world's 25th richest person. As I said, I do not begrudge him. He earned it building Facebook from scratch, a social network that has brought huge pleasure to hundreds of millions.
Most of Facebook's naysayers tend not to use it. Unlike them, I do not overly worry about its impact on our young. Like PSPs, DS and Wii, Kinect, BlackBerrys, MSN, IM, BBM, Facetime and so many other digital distractions, not to mention reality television and sport on TV, our young absorb each "new new thing" as just another leisure option - should their families be fortunate enough to be able to afford them. Of course we should monitor our children's consumption and educate them not to reveal too much (especially through images) and leave themselves vulnerable to strangers, but I do not fear a generation of Facebook addicts.
But I wonder about Facebook's future. I will not be the first to point out that now it is public it will have to justify its $100bn valuation and continue to grow. Facebook only really has one asset: us, its users (30 million in the UK). How will we react to an exponential increase in the advertising served to us especially on mobile devices – say, every time we change status? Many users regard Facebook as a haven from commerce and strangers. I recently scolded a friend for posting something too unguarded. The reply? "Facebook's for friends, I'd never say that on Twitter."
Before you write in, I know nothing digital is truly private. My point is, this haven notion is what makes Facebook special for 901 million users. Social networks quickly lose their raison d'etre when they forget what their users like. Don't believe me? Who remembers Friends Reunited, Bebo, or... MySpace?Follow @stefanohat
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