Wednesday, April 15, 2009

Is Facebook losing its glow?



Copied and Pasted By Rie Umano

Fortune Magazine) -- It's been a busy couple of months for social networking site Facebook. CEO Mark Zuckerberg appeared on the cover of FORTUNE (dressed in a tie, no less) and shared with us his plans to turn Facebook into the next digital communications platform. Soon thereafter he landed on Oprah Winfrey's couch to offer a tutorial on the site he'd initially built four years ago. In March the company launched a redesign that a vocal group of users roundly criticized. A few weeks after that chief financial officer Gideon Yu resigned unexpectedly, prompting bloggers to speculate that the company must be readying itself for a public offering.

Meanwhile the site has kept adding users at a rapid clip (the redesign has not kept newcomers away), and analysts are starting to raise questions about just how much Facebook is spending on infrastructure to maintain the large site.

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