Anthony Hilton: Facebook and China - old before they’re rich
Friday 21 December 2012
Someone said that the challenge for China is that it will grow old before it grows rich. The long-term consequence of the one-child policy is that the proportion of young people in the economy will soon shrink significantly, meaning the country has a far bigger problem supporting its soon-to-be-retired than we do.
A row erupted this week over the use by advertisers of personal photographs uploaded to social media, where the company proposed to take a fee from the advertiser but give nothing to the person whose picture it was. This is just the latest twist in a souring relationship between Facebook and its millions of users, almost all driven by the company's search to find ways to make money. One can see why it wants too, but too many of its initiatives seem to leave its users thinking what they now have is not what they signed up to.
Part of me suspects Facebook will be like China: It will grow old before it gets rich. It may never generate anything like the revenues its stock-market valuation implies, and at some point it will be replaced in the public affections by whatever is the next big idea.
As Voltaire once said, “Ice cream is exquisite. What a pity it isn’t illegal”
- 1 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 2 Mother fed her daughter tapeworms to make her skinny for pageant
- 3 Crystal Palace next manager latest: Palace consider Ally McCoist - EXCLUSIVE
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
West poised to join forces with President Assad in face of Islamic State
Pamela Anderson rejects ice bucket challenge because of ALS experiments on animals: 'Mice had holes drilled into their skulls'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
Bin bag full of cats' heads discovered near Manchester's Curry Mile
iJobs Money & Business
Negotiable: Harrington Starr: Market Administrator (1st line Support, Trade Fl...
£35000 per annum: Harrington Starr: Service Desk Analyst (Windows, Active Dire...
Negotiable: Harrington Starr: Data Support Analyst (Linux, Solaris, Windows Se...
Negotiable: Harrington Starr: Helpdesk Support Engineer (Windows, MS Office, E...