Facebook has become the after-work pub, without the big tab for the over-priced drinks. That's why it could wind up eating LinkedIn's lunch, dinner, and breakfast.
Sure, LinkedIn is doing okay in revenues from headhunters and employers searching for talent. That's how the resume-preparation crowd is making a good buck: helping job hunters showcase themselves right to recruiters on LinkedIn.
But from the rest of The Professional Class, it's not earning what it could if it overhauled itself. For example, there's little incentive for us to purchase a premium membership. That only allows us to contact a small number of people through its private email system. And that mailing access is what we need. That applies whether we are hunting for a full-time job, contract work, new business for our enterprises, or funding for our causes.
On LinkedIn we don't share our pet grief. Yet, those moments are what create a pull force. Others enter our space. Soon enough they think of us when it comes to business. On the other hand, LinkedIn is all-business. Will it go the way of Myspace? That could happen sooner than later.