Facebook, Foursquare, Groupon and… Joni Mitchell???

Posted by on Aug 30, 2011 | 0 comments

In the world of social networking, Facebook continues to be the dominant player, but two things happened rather quietly last week that show that the media coverage surrounding online is remarkably similar to the hysterical media that covers politics.

The advent of 24-hour television news has created a gaping maw that must be filled. Whether it gets filled by accurate information is not always a primary consideration. The competition for attention, and ratings, is vicious and the press that covers online and social media trends is no different. The clamor to be first can sometimes trump the responsibility to be right or, in this case, trump any inclination for trend analysis.

 

So, what am I talking about? About a year ago, Facebook went head-to-head with foursquare in the location-based  “check-in” space. The media spin was that foursquare, the scrappy start-up, would be eaten alive by the Facebook monster, especially considering fb had a gargantuan user base of 600 million subscribers. Funny thing- it didn’t happen that way. Facebook has scrapped the “Check in” feed from its mobile apps and interface.

 

Man bites dog.

 

Groupon, and other daily deals services that continue to pollute the Internet, was also in the crosshairs of the Facebook assassin when they rolled out “Facebook Deals” a little over four months ago in a few select cities. The media take was the same, and so was the outcome. “After testing Deals for four months, we’ve decided to end our Deals product in the coming weeks,” quoth the unnamed Facebook spokesperson.

 

Not exactly steamrolling the competition.

 

I have seen similar media hyperventilating over Google Plus in recent weeks, with the obligatory “Facebook killer” headlines all over the place. I am willing to bet that if you asked 100 non-tech people what Google Plus is, 99 of them would stare back at you blankly.

 

This post is not to critique facebook’s marketing choices or whether Google Plus will make Facebook look like Friendster in a few months (but their marketing sucks and Google Plus won’t). No, my real point is to counsel temperance when every shiny new things comes along. The online world is fueled by innovation and there are winners and losers, but it takes some time to shake out.

 

I’m reminded of the lyrics to “Black Crow” by Joni Mitchell:

 ”Diving down to pick up on every shiny thing

Just like that black crow flying in a blue sky.”

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