Mark Zuckerberg, genius or idiot?

  I may be a little late on the critique of one of the first article’s we read about Mark Zuckerberg and his infamous turning down of $1 billion (who does that? oh right, a Harvard drop out), but that doesn’t mean I don’t have a few thoughts on it.

First of all, I think that Facebook has obviously changed all of our lives. As college students, what is a day without going to our Facebook bookmark and logging in to see who broke up, hooked up or is writing on each others’ walls. It’s become an addiction and Mark Zuckerberg is making money off of that. More power to him, I say. He came up with an idea that made our lives easier by allowing easy connection to those we might or might not see everyday and gave us something to do.

However, I think that I disagree with the people that think that turning down $1billion was a smart idea. Sure, at the time it was because now Facebook is worth double or more of that. However, I feel like now no one is going to pay him Bill Gates- style money for that site. Sure, more and more people are signing onto Facebook and advertising for the Facebook people must pay a pretty penny. But, think about it. Myspace had its glorious days, and now it’s slowly dying. People are using it less and less and at some point it will be Facebook that ruled the world. But I think sometime within the next two years, the Facebook generation that was created four years ago will fade out, get jobs and start their lives outside of Facebook. So, unless the following generation is able to keep up where the previous left off, Facebook will be in a whole world of hurt.

Was Zuckerberg stupid for passing on $1billion? No. But if I were him, I’d start selling some assets real soon.