Facebook and the Quest for Social Media Domination

The Data Portability blog reports that the recent Power.com lawsuit accuses Facebook of being a monopoly,

“Facebook’s conduct constitutes monopolization (or attempted monopolization, ed.) of the market for social networking website services…”

This shouldn’t come as a surprise to anyone who has been tracking the recent moves by Facebook to control and exploit user data and addition of Twitter and FriendFeed-like features. It wants to be your one and only social destination where you can tweet, blog, share, and heck, even search for content. Regardless of whether you think Facebook + FriendFeed news is all hype or if you’re truly concerned about the future of FriendFeed – one dangerous trend that’s undeniable in this saga, is this move towards consolidation in the social media space.  

For those who argue that it’s all about survival of the fittest, this acquisition is anything but that. Acquisitions of strong startups like FriendFeed stack the odds in favor of the weakest species that no one wants to buy and yet, they continue to exist, even if for no other reason, than to fill the void left by the strongest of the pack. One can hope that a strong startup is replaced by another stronger alternative, but if that startup too gets acquired before reaching critical mass, where does that leave the users?

I think it’s fantastic that talent is recognized and well-deserving entrepreneurs get their turn at the big pay-off. But there’s a real danger that if these acquisition sprees continue unchecked, it will dramatically reduce the choices for users, who are the real losers in this deal. When strong startups are bought out, all that the users are left with are mediocre me-too sites that don’t add any value or goliaths that have too much control over their online data.

The debate around FriendFeed acquisition is much more than just rooting for the underdog and all that fluff. What many are glossing over is the underlying truth, which is – by taking over FriendFeed, Facebook  has just about eliminated the only real competition that the uber-site has today in the social networking space.  

FriendFeed is much more than just a social network. It offers social conten aggregation, social media client, micro-blogging, real-time threaded conversations, and much more, all rolled up into one. Despite the steep learning curve, it trumps other social networks (including Facebook) in richness of features and robustness of the system.

In a short amount of time, it’s gone from a social aggregator on steroids to a feature-rich platform that even the popular sites are copying. By buying FriendFeed at this critical stage in its lifecycle, Facebook no longer has to worry if this site will take off and threaten its dominance in the near future.

Wouldn’t be least bit surprising if FriendFeed is shut down within a year, if not sooner, after Facebook’s ripped off every possible feature and integrated it into the mother-ship.

And why wouldn’t Facebook keep this wonderful community alive, you ask?  Oh yeah…I am sure Facebook would love to retain that passionate and vocal base of users who love FriendFeed precisely because it’s NOT Facebook.

Facebook is hardly the only one who’s been accused of vying for world domination. Google and Microsoft both have had their share of bad PR for trying to monopolize the marketplace. And even if Facebook shut down FriendFeed tomorrow, what’s the big deal? It’s just about million users, a mere drop in the ocean compared to Facebook and Twitter.

As a user, do you really care if there’s just one uber-social network? Should you care? I am sure many of us just love the idea of having just one search engine or just one “great” operating system or how about just one ”perfect” flavor of icecream?! Who needs so many choices, anyway?! Really…