The Secret Diary of Steve Jobs has a great piece on Facebook hiring away Sheryl Sandberg from Google to run Facebook.
Fake Steve explains that Facebook is an investor shell game:
You have to remember what Facebook’s core business is about. It’s not about helping people stay in touch with friends or express themselves. It’s not about changing the world or creating an ecosystem for small apps makers. It’s not even about selling ads. Facebook is a vehicle through which a bunch of investors in the Valley hope to turn a small pile of money into a much bigger pile of money by selling shares in the public markets. That is Facebook’s core business. That is its raison d’etre as they say in Latin. This is a company created by, for and about venture capitalists. It’s not a company so much as it’s a narrative. A fable. A fairy tale.
…Worse yet, right now Facebook is a friggin Ponzi scheme, with Facebook’s venture-funded apps partners making money primarily by selling ads to, um, Facebook’s other venture-funded apps partners. And voila, like that, everyone’s making money! Can you say shell game?
Now that’s a novel perspective. Guess it’s not all “let’s help people” after all.
