Facebook pulling out all stops to keep employees happy
According to Venture Beat Facebook is rumored to be raising more money so they can buy back shares from hundreds of workers who are restless and are looking to benefit from the hard work they have put into building this powerful social network. This is a smart move by Facebook since they want to keep there teams intact – a liquidity event should help. Apparently each share will be valued at $10 a piece.
I am wondering how this move will impact the company. Unlike, Google, Facebook is clearly not frugal or innovative enough when it comes to building server farms. They need to drive down the cost of operating this mega site. Facebook is supposedly the biggest photo sharing site on the Internet, but the image quality is total shit. When the quality goes up, then I will believe Haystack made a difference. Driving down costs means nothing to me if image quality doesn’t increase. I don’t think Haystack is going to do much if they don’t figure out a way to increase revenues.
I use facebook a lot but I never click ads. I totally ignore them because I am not even thinking about products or services. Facebook wants to be innovative like Google but they just aren’t. Its not in the corporate DNA. They are a social network not so much a technology company. Sure, they do cool things but I do not think they are innovative enough to invent a new revenue model.
