1. facebook has an old problem

    I didn’t want to speculate the grand - IPO of the millenium. So, I glued myself to Bloomberg, CNBC and likes of articles from http://reuters.com/ - I wanted to watch.

    As the trading went under the 43-44 dollar mark it became evident, that’s the story of one of the biggest greetings for the wall street. Institutional investors against the retail investors became its story. The hype gave out for its Day 1. Market valuation doesn’t improve with these metrics, its what the market perceives to your value.

    The likes of Zynga lost quite a lot in these - I guess we have to welcome the dependent status in Tech Indices. Tech stocks and now its platform revenue sharing model from Facebook may not see enough. The incumbent problem in its growth is its revenue model. Steve Blank quoted Wille Sutton in TheAtlantic

    Social media is just where - the money is.

    Mobile gaining its due share in all segments. And there lies its troubles. Users are more receptive to what facebook is, than provide any value to it.

    Facebook has tried to sell the identity problem to its users - google and twitter being the same. Though I don’t see enough to move away from my "Identity is nobody’s game".

    I talked before on the engagement and identity-solution, that seems to solve every model except its revenue model. The truth is - profiles and its data doesn’t work. This basic distinction moves away from the relevant form of selling - content, in their self data; demands Ad-rates. A better perspective from Joell on #twitter4brands.

    A listed facebook doesn’t own much against the value of an open network. And Content strategy as a discipline looks really great at this encumbered solution. My question to Mr. Zuckerberg is the same

    How are you going to improve your platform; not mobile, not Ad-rates - just facebook Platform?

    Next Read: After European Union .., Facebook IPO didn’t go (pop) .. then what?

  2. privacy and facebook

    Facebook irreverently have always played against the sharing and privacy models.
    I do admire their approach to question the fabric of web. But I can
    not find myself justifying the recent recipie of sharing . This present model may have originated from the social principle
    'connecting', but have already lost all its meaning. Pairing and
    pushing content doesn’t seen relevant in the broader context.

    The single point of control is not new in browser environment. Task
    completion is simplest in its most intuitive form. Bookmarklet being
    employed since the netscape era, gives enough depth to this design
    pattern and its implementation.
    Instapaper have always praised the customised folder bookmarklet.
    Tumblr and many other follows suit. Yes this post is more than targeting specific networks, that have
    found their space among the active crowds. Social and curation both
    holds lucrative option for this implementation. And mark when I say ”
    anybody ” could feel the need to design such ubiquitious flow.

    Here is the problem, I just don’t care if this looks good with
    facebook’s newfound timeline. This could be the most awkward
    technology of the facebook era.
    I hope I get the facebook designers : “you got to do better.” The
    present design have made the web very dangerous place to tread.
    Manufacturing the web for one hardly seems work for me. Relevant and
    latest retrospection on seth’s blog.