Facebook Is a Fraud

I've been up to my armpits talking about Facebook for most of this month, and maybe because I'm unusually dense, just realized that Facebook is a new kind of dot-com. By this I mean its revenue and profit are based on a series of false beliefs. Unlike the first dot-coms, which failed, Facebook does have revenue and profit, but just like them it has been built on a stack of false assumptions.

Source: http://ectnews.com.feedsportal.com/c/34520/f/632000/s/1fc671aa/l/0L0Stechnewsworld0N0Crsstory0C752120Bhtml/story01.htm

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