Don't Bet Your Fortune on Facebook Apps

I hate to be the pessimist but I’m seeing the repercussions of hype that started when the Facebook platform launched. When Facebook launched their platform last May there were overnight millionaires created. Those millionaires and the many magazine articles that followed have been the source of inspiration for thousands of individuals that are now betting that their Facebook application will be the source of wealth for them. Everyday hundreds of applications are launched by a group of individuals expecting to attract hundreds of thousands if not millions of users.

For those entrepreneurial individuals I’m here to tell you that the land grab is long gone and the gold mines have been thoroughly mined.

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