Thursday, September 4, 2008

Wake Up (Facebook) People!

How would you feel if I told you that you are making someone else rich from doing something so insignificant, so pointless, so childish that it almost doesn't seem possible?

Well if you are one of the many Facebook users who has purchased, yes purchased, a "Gift" on the social network you have helped Mark Zuckerberg amass a fortune of $35 million dollars from Facebook Gifts alone this year. For those not in the Facebook loop, a Facebook Gift is an intangible .jpg file that one can post to a friend's profile page. Priced at $1 each, these little pictures have already accounted for 10% of Facebook's revenue in 2008.

With Facebook still holding a private company status, it is inevitable that when we spend money on the site as users, a great deal of that money is going in Zuckerberg's pocket. I am not hating on the dude, but since he is already like the most wealthy 23 year old on the planet, I don't think he needs another dollar from me or you.

-MiKe

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