May 14, 2010
Facebook a Ponzi scheme?
Facebook allows folks to pretend they are much more popular than they really are and pretend to connect with their legions of pretend friends. In reality, I am much closer to the cashier at my local Food Basics than any of the so-called friends I used to carry along on my Facebook account.
With accusations flying of a (possibly criminal) ambivalence towards its users' privacy, the Facebook organization is facing some very harsh media coverage and users are starting to wake up and trying to navigate the maze of 170 options in order to manage their privacy.
Now, as the bloom is definitely off of Facebook, its actual creator ponders whether we are at the end of the Facebook era, while another fellow argues that the insidious social media platform is really a Ponzi scheme.