Entertainment For Lively Minds
The free web, privacy and Facebook's dilemma
Many of the discussions here and on the podcast reflect what must be an enduring concern for David and any other modern publisher, the problem of a business model for something people no longer expect to pay for. The recent stuff about Google's massive subsidy of Youtube was particularly interesting.
As I'm still mulling joining Facebook I was most interested in these 3 pieces dating from around the time of the Beacon fiasco:
http://www.pcworld.com/article/140182/facebooks_beacon_more_intrusive_th...
http://bits.blogs.nytimes.com/2007/11/29/the-evolution-of-facebooks-beac...
http://www.nytimes.com/2008/02/11/technology/11facebook.html?_r=1
best read in that order, I feel.
Can anybody suggest to me, in the light of the above, what Facebook's long term guarantee of profit could be apart from selling the archived info on to someone else ?
(unless it's as a hobby for Peter Thiel
http://www.guardian.co.uk/technology/2008/jan/14/facebook
[not that I'd endorse this piece as such, but interesting])
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Here's my conspiracy theory
I've spent a large portion of the last ten years trying to work out what internet companies are up to and what their plan is for the future and this is what I've concluded.
They don't have one.
They're all making it up as they go along in the hope that they'll either stumble on some money or find a buyer.
For clarity
I should say that I agree that the tone of the Guardian piece could be construed as a conspiracy theory, though presumably the first 3 links represent no more than the facts c. 2008, from which Facebook has retreated somewhat under customer and peer pressure.
BUT isn't it interesting to look back 10 years and ask how we'd have reacted to those stories if we could have seen them ?
This, for example would have read like Ballard (or Dick, or Pohl, or ...):
From http://www.nytimes.com/2007/11/30/technology/30face.html?ref=technology)
In as much as there is a plan
it revolves around selling ads or things from which they take a cut.
What facebook are doing is not disimilar to the Tesco Clubcard principle
All terrible people, of course - brands, banks, governments, media, supermarkets.
They're all in it. Trying to sell us things. It's terrible. I heard they might be reptiles
Thehy al talk toi eacj othuxs yi know - yess thye doo
I na code non eof usc an c rack
Strange days indeed.
Kevin Spacey has just announced that he's producing a film about the founders of Facebook.
The announcement was a Twitter tweet.
Networking is a science ...
Interesting piece on data mining and networks
http://www.businessweek.com/magazine/content/09_22/b4133032573293.htm?li...
Interesting development
Good analysis of Facebook's acquisition of FeedFriend at:
http://www.businessweek.com/technology/content/aug2009/tc20090810_284380...