Tuesday, September 20, 2011

Facebook adding music services

Facebook Adding Music Services:

1)      How do music and video services fit Facebook’s broader strategy?
Well I think that music and video services fit Facebook’s broader strategy in that I believe their broader strategy is to make it so that Facebook users don’t need to go anywhere besides their interface for all their computing and social media needs.  These means integrating music and video services should seem like only a natural transition for Facebook.  It will allow their users to have all their media in one location, and on top of that they will be able to share that media in between friends, even giving them access to their media libraries.

2)       In my opinion, Facebook is here to stay just like General Electric and many old companies have been here through the ages.   In fact I think that Facebook has the potential to become too powerful.  For the next 5 to 10 years I envision that Facebook will work hard on continue to have a stronghold on the social network market.  But I also think they will focus on privacy issues that have turned people away from their site.  They need to continue making the site more private, safe, and efficient.  Many people could argue that Facebook is a waste of time.  And they will have to work hard to change that perception.  But essentially Facebook has the potential to overrun people’s real lives by getting them so socially integrated that everything related to their social lives is done through Facebook.  And that to me is scary thought.

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