Bait and switch triggers disappointment, bait and betrayal triggers retaliation
Does Facebook need a facelift now that it has lost so much face?
I don't think a facelift will do. Facebook needs a makeover of its mission and values and then a do over.
How did Facebook get into so much difficulty?
It was derailed by hubris, thirst for power and greed.
It's not just that Facebook got too big for its britches, it's that: a) its mission was corrupted by its "real" core values; b) it betrayed its members/users; c) it underestimated the power of betrayal to turn people off -- and against -- you.
Its mission was corrupted by current "real" core values
Facebook's original mission back to its roots at Harvard with Zuckerberg, et al, was, "Let's build a community where people can connect, stay in contact and build relationships with their friends and find out who the hot chicks are." That was a terrific mission because even as technology has provided a means to connect with our friends there wasn't a truly successful site on the web that was both dedicated to connectedness and could execute it in a scalable fashion.
As the numbers of members/users increased exponentially, it attracted the attention of Wall Street who couldn't care less about connectedness. They saw a potential gold mine. The elephant in the room that has been hinting for years of the risk of the path Facebook was on was all but screaming, "My community is not your market!"
What finally came out with the IPO was the realization that Facebook's brand, promise and pledge had been corrupted by hubris ("We can do anything we want because we're Facebook" and we don't have to wear suits to Wall Street"), thirst for power ("I am the king of the world!" = Titanic), and greed ("Do you know how much money and ROI we can make from Facebook?" -- Wall Street, et al). The unstated new mission was corrupted by its corrupted values and is not spoken but is clearly: "We will help (a.k.a. use) you to build a connection and community with your friends... and then we will mine their information and offer the "deep pocketed" companies to advertise to and sell the heck out of them."
It betrayed its members/users
Its community didn't just feel a bait and switch which can lead to disappointment, it experienced a bait and betrayal which at the much touted and inflated IPO price made people a la the movie, Network (interesting coincident in title wouldn't you say), "Mad as hell and not going to take it anymore" retaliation.
It underestimated the power of betrayal to turn people off and against you
There is a saying that people will forgive and honest mistake, but they will never forgive or forget if you lied to them. Why is being lied to so powerful? When you are lied to in decimates your ability to trust and you immediately look at the liar through the eyes of distrust. To make matters worse, people think just as you can't be a little pregnant, you can't be a little liar. So people think, if you're lying to me about this, then what else are you lying about.
Here is the challenge to Facebook. How do you earn back trust when people feel betrayed by you?
When you betray people you trigger the 4 H's:
- Hurt - Injuring people's trust hurts and causes fear.
- Hate - When as safe as people thought they were in trusting you is as unsafe as they turned out to be, they feel that you have taken a chunk out of them and they hate you for doing so.
- Hesitant to Trust Again - When people feel that you are lying to them and that is part of you M.O., they are hesitant to trust you again and have you reinjure them
- Hold Onto a Grudge - People hold onto a grudge as a way to make sure they protect themselves even more from and are even more vigilant about trusting you again.
- Remorse - Hurt doesn't listen to regret and empty apologies. In fact the more superficial the apology, the more people believe you are insincere and think you will do it again. Remorse means looking into the eyes and hearts of people you have betrayed and seeing that you broke something in them and that doing that causes you pain.
- Restitution - People hate you for taking a chunk out of them at their core and beyond your sincere heartfelt (and it needs to have both) remorse they want a payback. So Facebook needs to come up with what that would be. I don't think it should be in selling them products, I think it has to be something that would cause Facebook pain (you know, the eye for an eye thing).
- Rehabilitation - Until people that has learned a new way to fend off the siren's call of told they are so smart, of becoming too "we don't need no stinkin' badges" powerful and finally "we're all going to buy bigger homes, cars, boats and weddings than our parents worked years to achieve" rich. Furthermore Facebook needs to be seen as liking their new way of resisting all these temptations and like having being given a second chance to become a better and more caring company.
- Request Forgiveness - People are still likely to hold onto a grudge even after several months of remorse, restitution and rehabilitation are offered. However if Facebook can persevere through that negativity and still be committed to these three R's for a year, they have earned the right to request forgiveness. If at that point some people refuse to forgive, the problem switches over to those people being unforgiven rather than Facebook being unforgivable.
If you, Facebook, are fortunate to have your community give you a second chance, be transparent about your mission and values. If it turns out you are unable to offer the 4 R's above, then at least admit to and say your mission and values are to help people build communities of connectedness where big companies find out more about them and then sell to. People might be disappointed, but at least they'll see that you are telling the truth.
Here is the other opportunity. Myspace are you listening? It may not be too late for you. You might have the chance to do it right and do it pure, it if you want to offer that to the world.