8 Nov 2007

Facebook musings Pt1

This comes from an article Beeb weebsite. Microsoft has invested $240m in Facebook in exchange for a 1.6% share of the company. That puts a monetary value of $15bn (£7.3bn) on my favourite [& most used] social networking website! So why does Microsoft think Facebook is worth $15bn? According to the Beeb's techy guys & financial analysists there are 15 potential reasons, which are as follows:

1. The network has gone viral in the last 12 months, with more than 50 million users worldwide and a user base that is growing faster than great rival MySpace. According to Facebook, it adds 200,000 new users each day.

2. The average user spends 3.5 hours a month on Facebook - more than the average user on rival MySpace - which is increasingly attractive to advertisers.

3. Facebook is the current Web 2.0 darling - popular with ordinary users and "tech heads" alike.

4. US research reveals that Facebook users come from wealthier homes and are more likely to attend college than MySpace users - increasing that attraction for advertisers.

5. Microsoft's investment makes them a serious player in the growing market of "social advertising". Social network profiles are full of personal data that users voluntarily hand over, which is very useful for targeting adverts.

6. Sixty percent of Facebook users are outside of the US - so Microsoft's investment buys access to a global audience quickly and simply.

7. Facebook is the new web: The decision to open up the network to outside developers turned Facebook into a destination for many uses, like messaging, photos and video. Of course, as Facebook is on the web it could never really be the new web.

8. Every major content firm with an online presence is either working on a Facebook application or has already launched one - from Google to the BBC.

9. According to a report, 233 million hours of work are lost each month in the UK due to staff looking at social networks. Advertisers can now target people when at their desks.

10. The openness of Facebook is attracting a wealth of talented developers who can launch their applications to millions of users quickly.

11. Facebook messaging is the new e-mail. Everyone feels stressed from a deluge of e-mail from unwanted people and companies. But Facebook messages are always from friends.

12. Facebook's "status updates" have become the easiest way to let friends know what you are doing and how you are feeling at any given moment.

13. Facebook thrives on playful applications such as Pirates, Zombies, Super Wall and Top Friends, which have made the network a place to play as well as communicate.

14. Facebook is the acceptable face of blogging - you can reflect your life and personality online without being seen as a "blogger", which often carries a geeky stigma.

15. Facebook is worth $15bn only because Microsoft says so. The value of Facebook is based on a 1.6% share of the firm being worth the $240m Microsoft paid for it. Microsoft and Google were in a bidding war for a slice of the firm and both companies have large pockets. This was not just business, this was personal, according to some analysts.


This is a very interesting musing from the Beeb, so I thought I'd share it with those who don't as often frequent the Tech pages of the Beeb as often as myself, but who do spend time on teh Book! I especially like number 14, seeing as I occasionally blog lolz! But it's definitely worth a wee bit of contemplation.

Six out

Funny ha blah!!

oh & one more - just for us emo-lovers!!

Funny ha ha!

I saw this on one of my interweeb surfing & it really made me chuckle!!

Sketchy-Win-Thinkering!!

Well it's Thursday, & am feeling quite the tiredness - I blame the 9am lectures lolz!!

Today we're looking at vision & leadership with Caz. It's coming at a very critical time for me, because I have to write 2 essays this term & the one which I haven't started yet is about my vision for youthwork (essay question).

Am also in a very rad mood, after a sketchy end of yesterday's lectures.

I'd walked back into town to catch a bus & there was a giant queue for the bus back home, so hung out in Borders & got a McBurger Chicken meal. Picked up a new set of Sennheiser cans (cheap ear-muffs lolz!) & another book on culture (An Anthropologic View of Culture) which looks very insightful - especially the chapter on culture as a religion, because of my upcoming dissertation. So I didn't get home till about 7.30 - a very long day methinks!!

Then spent quite a long time on the phone to my girlfriend, after quite a cryptic text message! We chatted about our growing relationship & love & about the bible study series that she'd just begun. It's looking at a book Called 'Pure' by Linda Marshall (which I'm going to buy & read as soon as I can). I compared that (female) approach to relationships, with the book that I had recently finished reading ('Boy Meets Girl' by Joshua Harris). I also brought up the idea of both studying the Word together & discussing it, as an aid to spiritual development & growth in the knowledge of God. I think that this was a very encouraging & developmental discussion & insightful into how our relationship has been going & where it could be going. This was great & left us both positively joyous!

Today I also had luncheon with Sid - it was good to catch up on each others love lives(!) & we did some interesting reflections on the 'Five Love Languages' (Chapman) & the impact of that learning on my relationship with God. Therefore, how does God show each of those five languages:

1) Acts of Service
2) Gifts
3) Quality Time
4) Words of Affirmation
5) Physical Touch

It's good to bring the idea of love back to God & my relationship with Him.

Right enough pondering - back to lectures ;o)

Six