You're the CEO Bitch ;-))

Last week I logged onto FACEBOOK and was immediately stumped by its new AVATAR.
The entire structure was reconstructed! With whose permission? GOD KNOWS!

See the movie "The Social Network" for the pic reference.








FACEBOOK by far is the best social networking site:

It helped millions of people to connect.
It helped people in branding themselves.
Information, updates, notes, sharing photos, tags, likes it changed the world for us.
and then it was "RELATIONSHIP STATUS" -
It gave every person the POWER to explore and play with each others space!

But, that is SCARY!

It made us addicted to the system.
It came up with change after change - however, useful / productive or otherwise.
Poor user silently had to embrace it.

One could crib about it but one can't come out of it. There is too much at stake, the pressure of not being part of the "IN-THING" Losing the connect with outside world etc.

FACEBOOK certainly has a huge value to the society. It is one of useful aspect of our daily routine however, it also has potential power to penetrate our lives, our soul and revamp entire body WITHOUT WE HAVING A SAY IN IT!

Well, in economic term what is FACEBOOK?

Monopoly (a market in which there is only one seller of a good)
Oligopoly (a market in which there are few sellers of a good)
Monopolistic competition (in which there are many sellers producing highly differentiated goods)
or is it just a classic case of IMPERFECT COMPETITION?

You're surely the CEO Bitch ;-))