Ok, so they say it takes a big man to say ‘I was wrong’. I’d also like to add: ‘good looking, charming, intelligent and modest’.
So here goes: I was wrong.
Last year I predicted the death of Facebook, and said it’s fall would be swift and inglorious. Well, take a gander at Facebook’s latest figures:
This from Inside Facebook:
…take a look at how Facebook grew in some countries around the world last year: Italy up 2900%, Spain up 600%, France up 400%, Switzerland up 400%, Argentina up 2000%, and Indonesia up by 600%.
What’s more is that dozens of these markets are still growing at double digit rates every month – and for many, those growth rates are increasing. Facebook’s growth rate accelerated by at least 25% in 47 countries in Q4 2008 over Q3. Its quarterly growth rate more than doubled in 28 of those countries in Q4.
As of the beginning of 2009, Facebook now reaches over 10% of the national population in 26 countries. And in December alone, there were 20 countries in which at least 1% of the total national population joined Facebook. Now translated into over 100 languages, Facebook has shown that it can penetrate nearly one third of the entire national population in multiple developed markets, and we expect this to be true of many more countries in the near future.
Wow. Unbelievable stuff. Since I wrote the article last year, I’ve actually opened Facebook at least once daily since I play chess against people around the world. It’s my second most popular destination online, after Gmail.
Now, I suppose, the big question is: when will they start turning a profit?