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Posts Tagged ‘Netscape’

Cherish the People

October 13, 2012 1 comment

I recently spent some time going through old business cards. Netscape, Sun Microsystems, Trusted Information Systems… Companies that were once giants in their industries – now gone. Their technologies no longer discussed except in circles of old folks (like me) reminiscing years gone by. The act of discarding these cards felt somehow like I was closing the final chapter of their very existence.

In a world where LinkedIn has become the electronic business card used by most people, I still felt compelled to hang on to these artifacts. Not for the contact information (that was long out of date), but for the memories that each card had left behind. Each person that I did business with or simply met at a conference has influenced me in some way. Whether it was a simple nugget of information provided by an acquaintance or an introductory meeting with someone that I have built a relationship with throughout the years, those cards represent people that have made me who I am today. For some odd reason I felt like I was throwing away a piece of them and wondered how LinkedIn could possibly replace the paper I held in my hand. Even so, it was time to move on and I continued with my quest.

Before committing each card to the trash, I took a moment to reflect back on those relationships. Some of the names were no longer familiar to me. Notes quickly scribbled on the backs of cards no longer made sense. I was reminded of people I had forgotten and wondered where they were today (I had better look them up on LinkedIn). But as I tossed the last card into the trash, one thing became abundantly clear. Companies and technologies come and go, but people stay a part of you forever.

Discard the cards, but hang on to (and cherish) the people.

Facebook’s Initial Public Offering Disaster

May 19, 2012 1 comment

 Facebook’s IPO was a relative disaster.

While it brought billions into Facebook’s coffers, one could hardly call the first day of trading a success. They opened at $38/share and ended up the day at $38.27 (a gain of less than 1%).

The only reason why their stock didn’t dip below the opening price was because they were being propped up by bankers who poured in millions every time the stock threatened to go below $38/share. In fact, the stock price was a flat $38/share a mere 30 seconds before the closing bell before the bankers once again jumped in to help save “Face”. (See “How Facebook’s Bankers Saved an IPO, Kept Shares Above $38” for more information.)

They say that people vote with their pocket books. Based on first day of trading, Facebook is ready to be voted out of office. Is this indicative of social media sites, in general or are people getting tired of Facebook?

My daughter said something quite profound when I told her about what happened. She said, “Dad, it’s just a web site. People get tired of it and they go elsewhere.” Wow, so Facebook may be subject to the same fate suffered by mega-giant portals like AOL, Yahoo, and Netscape? Maybe that’s why sites like Pinterest are trending upwards while Facebook is trending down.

Is it possible that people are getting tired of Facebook not adding anything more to their life than just a time-suck?