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There could be hidden interests which benefit from facebook's success. These interests, manifested in the 12M from Accel [ http://news.ycombinator.com/item?id=484171 ], have probably a lot to do why fb made it and myspace and friendster failed.

It very weird to watch a American society buy stock in the very company that is trying to enslave them.

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Lots of VCs and investors pumped money into AOL and non-monetizable dotcoms, too.

Having lots of capital might have enabled Facebook's short-term success, but you need a lot more than capital to sustain a compelling product and maintain a market over the long term.

The fact the MySpace was awful probably had more to do with it.

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