Is Facebook Really The New Yahoo? [Headlines]
A blog post on Datamation argues that the social media site is not innovative enough to stay at the top.
At this point, Facebook is clearly the undisputed 600-pound gorilla of the social-networking world, having vanquished Myspace and virtually all other competitors, with more than 600 million users and billions of dollars in revenue, and the ubiquitous “like” button installed on hundreds of millions of websites. But other web giants have toppled before, or are in the process of toppling — like Yahoo, for example, which seems to be drifting aimlessly, waiting to be broken up. In a blog post at Datamation, writer Mike Elgan argues that Facebook is the new Yahoo: a fading giant reduced to copying other networks like Twitter and Google+ instead of innovating. Is he right? GigaOM