Facebook, weighing in with 250 million users, is now five years old. But with its popularity -- and a few advertising deals struck along the way -- it has yet to make a dime of profit.
OK. Real world time. Most new businesses are not going to show a lot of profit in the first five years anyway; in fact survival is the name of the game. At least that's the way it used to be. And while many of these business truths are skewed in the Internet age, speculations about Facebook's future are probably premature anyway.
With this in mind, Newsweek's Kurt Soller takes a look at whether Facebook can last another five years.
Here's an excerpt:
... my generation had decided, almost for me, that Facebook was the only social network that mattered, so why bother with anything else? By now, that's a familiar logic, and it's part of the reason the site has grown so quickly this year, from 150 million users in January to 250 million last week. It's a number the site loves to tout with the following fact: were Facebook a country, it would now be the fourth most populous in the world ...
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