The best online business as I mentioned before is payment systems business. The ones that facilitates payment between merchant and banks, paying of bills, online ticketing for airline and hotel reservation ... Do you see AXS, NETS having to get listed? These are real unusual cashcows that pay their own way don't require any investors, as long as singapore is open for business everyday they earn a few cents every transactions by the volume can tally into hundreds of thousands every single day
but If it is something for fun people will always expect it to be free and never have to pay a cent for it.
For facebook their biggest asset and what I see their biggest problem is the over half a billion people on facebook as they claimed. These people including myself will likely to continue to use facebook for fun, for social activities as long as it remains free. Free is taking for granted the storage costs, bandwidth costs, security fees, the army of engineers on the payroll that facebook has to pay for upkeep every month. The infrastructure behind supporting "FREE and FUN" is enough to pay the ransom for a king.
but If it is something for fun people will always expect it to be free and never have to pay a cent for it.
For facebook their biggest asset and what I see their biggest problem is the over half a billion people on facebook as they claimed. These people including myself will likely to continue to use facebook for fun, for social activities as long as it remains free. Free is taking for granted the storage costs, bandwidth costs, security fees, the army of engineers on the payroll that facebook has to pay for upkeep every month. The infrastructure behind supporting "FREE and FUN" is enough to pay the ransom for a king.