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You forget about the network effect. None of our friends are on IRC. Reddit is great for some niche groups, but there are tons of facebook groups specific to a niche that really have no equivalent anywhere else.


The value being in the network means the value is subject to social whims. That's not a secure place to do business long term. All other places I listed have networks as well. You have chosen to think this network is better for you, but if/when people move then you might need to re-evaluate that as well.


No one is claiming that it is the best place forever and ever and that can never change.

But today, facebook rules from network effects. Someday it won't (just like myspace doesn't anymore).




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