As part of my management class today we had an interesting discussion about the future of Google and Facebook. To my surprise an overwhelming majority of the class agreed that Facebook is the future of the Internet and will outperform Google. However, I am sticking to my guns as I still believe Google is the better company.
Yes, it is true that Facebook has much potential to grow and expand into different areas of the Internet, but Google is a more established company that can grow twice as much due to its broad coverage of the Internet. In my opinion, Google’s innovation far exceeds Facebook. What other companies have launched vehicles on the road that drive themselves? Another aspect to consider is that Google owns YouTube and has a large revenue stream from this subsidiary. Google Earth, Google Maps, Google Finance, Google Translate, and Google Chrome are just a few of the countless products Google has to offer. Facebook is definitely lacking in this category. Yet, many seem to believe that if Facebook enters these areas they will see more success than Google. I disagree, seeing that Google already has a core competence in these areas and Facebook will have to play “catch up”. Overall, the next few years will be exciting and I am interested to find out who will be the true Internet titan in the future.
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