A New Era Of Global Communications and Entertainment
How do I feel about this new year and beyond? I could not be more optimistic.
The recent investment by Goldman Sachs into Facebook goes far beyond social media. This transaction is validation by the financial industry for the evolution of global communications and entertainment.
As hard as it might be to believe, Facebook, Groupon, Zynga, Twitter and others are just the beginning of a new media revolution. The naysayers shouting “bubble” are simply wrong.
Social is just the first step in several steps that will create social, global, multilingual, ubiquitous, cloud-based communications networks and devices. Of course, content will be created as never before and flow across these networks to billions of consumers. The trickle down effect will be like nothing we have previously experienced. The new era of global communications and entertainment will mature during this golden decade, wiping out deficits, dramatically turning around economies and creating tens of trillions of dollars in new wealth.
Am I excited? You bet!
- Goldman Sachs boosts Facebook value to $50 billion (sfgate.com)
- Facebook now valued at $50 billion (slyvisions.com)