Is Facebook Runnin on Empty?

Since he just settled a lawsuit with the GOP I thought it appropriate to kick this post off with a little Jackson Browne. Hope he doesn't sue me. Sorry about the long delay, I've been workin' hard hustling media for a few new clients and I've neglected my little corner of the interwebs.

So here's the deal... I've mentioned in a few previous posts that an uncanny number of my aged-challenged friends and family have been hopping onto the Facebook bandwagon. Even big media outlets have noticed. In a way, that's a fantastic thing because it means all demos are becoming comfortable with social media. However like most trends of the past few decades, where the Baby Boomers go, big business will follow. And, like MySpace before it, Facebook is in the process of revamping its advertising program to accommodate new ad packages.

Facebook actually only became the reigning traffic champ about a month ago, but most marketers started shying away from the platform as far back as a year go, when the NewsCorp buyout caused a seismic shift in who was actually using the site. Until Rupert got his hands on it, Myspace was essentially a gathering place for young people. After the massive ads went up and started alienating people, waves of users started shifting towards Facebook. For a short time record labels and movie studios Myspace pages helped bolster the site's traffic, but the magic is gone and Myspace is essentially a trade show hall filled with companies showing their wares and exhibiting their hipness to a non-existent crowd. So Myspace is essentially dunzo.

Now it looks like Facebook might be going the same way. According to recent PC Magazine/MSN story, people are flocking to Twitter from Facebook. I can't say I blame them. Facebook is still an excellent platform for reconnecting with old friends and promoting companies and/or clients. The problem is the new site design bombards people with so many updates and such a deluge of information that any self-respecting page with more than a few hundred friends can't effectively keep news or updates on the front page for more than a few minutes. So.... unless you're literally sitting at your computer checking your wall all day, you'll probably miss a load of info. Twitter essentially takes the update portion of Facebook and throws away the rest.

Now I'm not a huge fan of using Twitter for PR purposes unless you have a dedicated tweeter that knows what they're doing and only broadcasts relevant, interesting info. It will be interesting to sit back and see how things play out, but my gut instinct tells me that Facebook will be irrelevant in two years, and a new platform will have taken its place. What do you think?