Jan 27, 2009

It's not always a first-mover advantage

It was interesting to learn today that Facebook now attracts twice the number of unique monthly users (225million vs 125million) when compared to MySpace.

Lesson Learned #1: The old-media baggage / mindset that corporate owner News Corp is brining to the table is having a toxic effect on its MySpace property.

Lesson Learned #2: The race isn’t always to the first horse out of the gate. The B-schools can stop with that first-mover mantra now.

On the second point: I remember when I first started hearing of this new kid on the block called Google several years back.. My reaction was “does the world really need another search engine given that Yahoo seems to be meeting the market’s need just fine?”

Just goes to show how smart I am, huh?


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