Facebook launching Gmail killer



facebook email Facebook will be announcing its’ long awaited webmail project tomorrow rumored to be a Gmail killer. Whether it will truly be a Gmail killer remains to be seen, but having a 500 million plus user base doesn’t hurt when introducing any new product.

Compare that to Google’s almost 200 million Gmail users and there could be some real competition here. It will be interesting to see the features of Facebook’s webmail, particularly because Google’s growth in the small business and enterprise market continues to be steady. I recently ported all of my businesses communications platform including email and CRM to the cloud tying in Google apps, Gmail and Zoho CRM. Facebook email is rumored to have enterprise features = Facebook + Office Web Apps mash-up, known as Microsoft Docs. Remember when Microsoft purchased a 1.6% stake in Facebook? It appears a Gmail and apps war is brewing, a rather refreshing play for Microsoft compared to some of the company’s other choices. Microsoft will clearly try to leverage Facebook to help migrate its’ eroding personal computing software revenue to an online marketplace.

We’ll all be watching to see if the Facebook email features have legs enough to be a Gmail killer.

Facebook revenue to reach 1 billion.



facebook revenue
Facebook revenue to reach 1 billion dollars by the end of 2010 according to an interview with insidefacebook.com. Currently Facebook revenue is around $600 million, but Mark Zuckerberg predicts the company to break the one billion revenue barrier by the end of 2010. Given Facebook’s growth over the last few years and the 500 million active users, this seems like a real possibility. The company continues to make acquisitions and utilizes an army of 1400 employees to monetize the user base on a daily basis.

As Facebook becomes more of social platform to the web at large more ancillary revenue streams will develop like game revenue and even profit sharing models made famous by Google adsense. The company continues to reinvest profit into the platform and focuses on user needs.

Facebook beefed up it’s tool bag by acquiring several startups over the past few years. ShareGrove, Divvyshot and Octazen Solutions were all acquisitions acquired in the first part of 2010 alone.

Facebook buys friendfeed


Facebook buys friendfeed for an undisclosed amount. This makes the second acquisition for Facebook and has propelled the founders of Friendfeed to Facebook’s engineering team. The four founders of Friend feed were former Google employees and started the company in 2007 proving why droves of entrepreneurs left Google when the going was good and formed social startups ripe for acquisition.

So it’s only a question of when not if Twitter will get acquired….and will it be by a likely candidate like Google, Facebook or Microsoft or a left field surprise that only Internet can deliver.