Pay To “Highlight” Your Facebook Status Updates To More Friends
techcrunch.com
techcrunch.com
Suppose a brand or political campaign pays you a premium to highlight favorable posts, guaranteeing visibility in your friends' feeds. Suppose Facebook does this without your knowledge when they detect favorable sentiment about a brand in a post.
We already know they only surface posts to your feed when they cross some relevance threshold. I think its clear now that relevance might mean a lot more than personal relevance, but also relevance to their bottom line.
I assume most people don't apply filters, or if they do, only in very limited ways. Obviously if somebody is very annoying they will be filtered, but this is unusual.
It's murky to let any sponsored listings intertwine undifferentiated with natural listings. It's an inherently advertiser-first, user-second policy, and it's at the expense of the integrity of the natural service.
It's tough to argue that this is more for any benefit then their bottom line, which, given Zuck's grand "Hacker Ethics" letter, kind of wreaks of bullshit.
monthly visitors on google: 190M facebook: 150M
average time on site (from alexa) on google: 11min facebook: 22min
revenues of google in 2011 (from google sites): 26B facebook: 3.7B
this gap is so striking, that I wonder why investors don't realize, that you just can't run ads as well on a social network as you can on a search engine. it does't matter how targeted your ads are or how much you know about your users - it's just not a place where a lot of people click on ads. they are there for the social experience. facebook has some of the best people in the industry and if they can't figure out how to monetize their site, the rest of the social media startups will have an even more difficult time. this highlighting feature is another attempt. i wouldn't be surprised if they actually started charging large corporations like nike for their pages usage (that could really be a profitable income source).
to sum it up: I see facebook much closer to a 30B valuation, with a realisitc P/E ratio of around 20. because if facebook wants to remain the social fabric of the web, it will also remain the web's workhorse.
That's the thing, I think their valuation is based on the ton of potential revenue opportunities like that they haven't explored yet. There's a ton of companies getting value from Facebook marketing (not ads, pages and so forth), Facebook just (in theory) needs to figure out how to capture some of that value.
And look at stuff like Zynga as well -- they built a billion dollar company on top of Facebook's platform, and now make up something like 10% of FB's revenues IIRC. Are there any similar untapped opportunities for the company that owns the world's social graph? I know it sounds kind of airy trying to value a company on as-yet non-existent revenue streams, but what's the chance they don't manage to find a few more Zynga-scale opportunities in the next ten years?
I really wish Google hadn't driven off half their early adopters of G+ with their shitfit about "real names only" because it actually has asymmetrical following relationships. When anyone can see your public posts, you only have to follow people you care about instead, and the service doesn't have to do these increasingly convoluted hacks to try and only show you things it thinks you "want" to see.
If you're making some kind of social network, please save your future self - and your future users - this kind of hassle. Allow asymmetrical following.
tl;dr: I miss Livejournal.
Also, on G+, I have to put people in a circle if I want to broadcast to them (and not to the entire world), right? So I'm still following people I might not want to be following using the asymmetric approach.
The stuff I post on my blog is a totally different kind of communication, and I'm happy to do it outside the context of social networking.
The fact that it is somewhat closed is a major plus for me, I do not want them indexed by Google /Bing and held forever
Facebook isn't about broadcasting. Use twitter if you want to broadcast. Facebook is about sharing things with your genuine real friends and family.
Asymmetrical following just leads to twitter - lots of celebrity "broadcasters" and lots of silent followers. Rather than real two way conversation.
The IPO is because Facebook can't continue to attract top talent in the valley without those option numbers meaning something.
I'm sure you can find a buyer for Facebook stock right now, but it seems like the obvious way for all those VCs, angels and early employees to cash out.
Being able to issue more shares to be used as stock options, or making your financials less messy to deal with, is merely icing on the cake
While this doesn't mean they have to IPO, once accounts are public, there is little reason not to IPO.
Facebook may never be more than a $25B company, and that is still fantastic, but I hope they don't throw it all away by trying to be the next Google.
But Facebook is a vastly different beast. Creators and curators have a different relationship with the audience. This is the new $1 bling people used to give each other back in the day.
Introducing: Highlighted Posts
February 3, 2012
Every now and then, a post comes along that’s meant for big things. It
could be pulling the wraps off your new project, promoting your next
show, raising awareness for a cause, or just sharing a truly
incredible photo.
Today you’ll have a new option to Highlight those extra-important
posts. For one dollar, your post will stand out in the Dashboard with
a customizable sticker to make sure your followers take notice!
http://staff.tumblr.com/post/16980189397/highlighted-postsThis seems to be a little different than Facebook's highlighted posts. Highlighted posts on Tumblr are distinguishable and would not be more visible than regular posts. (I'm assuming Tumblr dashboards are not filtered by relevance.)
Famous last words.
For kids, this seems so wrong it should almost be illegal, or at least on the level of in-app purchases. "Mommy, this update is really important! Can you link your credit card to my facebook account?" &c.
Are they appealing to attention seekers or those whose status posts are so utterly boring that they never make the top of the list anyway?
- use highlighted posts to literally promote pictures of cats
- make sure FB never reaches 1bn users. Right now they are at around 900m, and growing slower and glower. A coordinated effort amongst people who are on the fence of signing off for good could make sure that number asymptotically ought to reach 1bn, but never does. Wouldn't that be a let down? "Any day now, I think"
Yes, I'm in your typical FB-doesn't-really-add-any-value camp. And as long as FB are having fun to the detriment of the individual, who is to say we as people (coordinated, law-abiding netizens) can't have our fun too?
Fairly sure this wouldn't wind up differing in any significant way from my existing facebook news feed.
A stalkers worst nightmare - how many people would sign up for that?
On FB, you can't just do that because people are now showing stuff to "friends only".