Nate Westheimer thinks it is.
Both “fad” and “the rage” imply a temporariness — I know. And while I think Facebook is a great social networking site, which I will use for the time-being...
...
Try this idea/illustration on for size: Let’s say Facebook vanishes into thin air tomorrow. How quickly do you think our inherent social graphs would take to reconstitute themselves somewhere else on the Internet?
I’d say a week. In a week, I’d build up my languishing MySpace, Friendster, and Virb profiles and wait and see where the rest of my friends headed to.
Ask yourself how quickly Facebook replaced AIM and ...
Ever wonder how to own a company and your customers? Study Apple. Namely how they can manage to alienate their doubly-valuable customers, those influential early adopters that buy the latest-and-greatest -- full price and all -- then sell the lifestyle around the world and on the Internet, yet still have them buy and buy.
Howard Lindzon provides the professional analysis:
I would short it fo [sic] a trade, but the way it’s going with Apple, people will go to the store to get their phone fixed and buy 2 laptops. The stock will go up $5 instead of down $5.