Will The World End? Blame HTML5
Facebook fails to meet expectations in the stock market. And the culprit is HTML5 (see this)
It’s the worst excuse I’ve seen in the IT sector.
The main problem of Facebook is not mobile or HTML5. It’s the lack of a consistent business model.
Social networks are essentially communications services, like a telephone - communications is its core product. Historically, advertising models have not worked in communications platform business. Facebook needs to understand it.
Sep 13, 2012