Can Facebook fail?

Okay, I admit it. I was wrong. Wrong about Facebook, even wrong about Mark Zuckerberg.

For the last couple of years, I’ve been imagining Facebook as the next dotcom Titanic, the classically over-hyped Silicon Valley start-up, all youthful bluster, but neither a business model nor any meaningful revenue. With its Twitter obsession and endless rumors of anarchy at its Palo Alto offices (not to mention Ben Mezrich’s less than stellar semi-fictional book about Facebook’s founding), I’ve always assumed that Facebook would fail in some meltdown of historic proportion....