Facebook's Changes—It's All About the Platform. Sean Parker: De Napster à Facebook, un héros très discret. Interview With Mark Zuckerberg On The “Facebook Phone” Over the weekend I wrote an article about Facebook’s mobile plans, particularly that they are working on a branded mobile phone. Facebook said the story was innacurate, despite CNET, Alley Insider and others writing independent stories confirming that Facebook was working on a phone.
We responded aggressively. Facebook reached out to us on Monday to clear the air, and invited us to Facebook HQ in Palo Alto, California to speak to CEO Mark Zuckerberg directly about Facebook’s mobile plans. Jason Kincaid and I spoke with Mark for about half an hour. The transcription of that interview is below. For now this is just the raw footage, so to speak. Update – Our posts based on the interview: Mark Zuckerberg: Before we get into this, I want to apologize for the miscommunication. At the end of the day, when people say “building a phone” they actually can mean very different things. Our strategy is very horizontal. Michael Arrington: Ok. We’ve seen this with a bunch of the apps that we’ve built.
Facebook Q&A. Facebook buying hot potato. F8 conference. Facebook and Octazen. Facebook & Semantic Web. Facebook growth. Facebook vs Zynga. Facebook revenues. Facebook & privacy. Facebook valuation. Facebook And Twitter Are On A Collision Course. And We’re In The. In Jim Sheridan’s 2009 film Brothers, Jake Gyllenhaal and Tobey Maguire play two siblings that are opposites. Maguire’s Sam is an Army captain, a straight-laced hard worker, and a family man. Gyllenhaal’s Tommy is a fresh-out-of-jail convict, a general screw-up, and someone who doesn’t seem to care anyone but himself.
But then everything changes (and I’m not giving anything away that isn’t in the trailer). Sam goes off the deep-end and becomes the erratic one, while Tommy morphs into the hard-working family man. The only commonality the two share is Natalie Portman’s Grace, Sam’s wife who Tommy falls in love with. In the tech world, Facebook is Sam, Twitter is Tommy, and Grace is all of us, the Internet users. Convoluted metaphor aside, what I’m trying to say is that Twitter and Facebook are becoming more like one another. I think I’ve read just about every post about Facebook and privacy over the past couple of weeks.
Facebook For the record, I think Facebook is right. Twitter Lost. Facebook is about to try to dominate display ads the way Google. It is customary to divide online advertising into two categories: direct response and brand advertising. I prefer instead to divide it according to the mindset of users: whether or not they are actively looking to purchase something (i.e. they have purchasing intent).* When users are actively looking to purchase something, they typically go to search engines or e-commerce sites. Through advertising or direct sales, these sites harvest intent. Google and Amazon are the biggest financial beneficiaries of intent harvesting. When the user is not actively looking to buy something, the goal of an online ad is to generate intent. In 2003, Google introduced AdSense, a program to syndicate their intent harvesting text ads beyond Google’s main property Google.com.
It is widely believed that Facebook will soon follow the AdSense playbook by introducing an off-property ad network. But to win the intent generation ad battle, data is as important as a critical mass of advertisers. Facebook’s Market Cap On SecondMarket Is Now $25 Billion (Bigger. If Facebook were a publicly traded company, its market value would rival Yahoo’s and be ten times bigger than AOL’s, if demand for its private shares are any indication. Shares of Facebook on private-company stock market SecondMarket are going through the roof right now. This week, Facebook shares traded on SecondMarket passed $50, giving Facebook a total market value of $25 billion, according to sources with access to the market. (SecondMarket itself does not disclose pricing or valuation of the private stocks it trades). In comparison, Yahoo’s market cap on the publicly traded stock market is currently $21 billion, while AOL’s is $2.3 billion.
These aren’t apples-to-apples comparisons because SecondMarket is a private stock market with thinly traded shares where demand often outstrips supply. Back in August, 2009, DST was buying back common shares at a $6.5 billion valuation, so that’s been an incredible rise in value over the past year.
Facebook. Exclusive: Discussing the Future of Facebook and the Facebook Ec. There’s no shortage of big initiatives going on at Facebook these days. We sat down with Facebook CEO Mark Zuckerberg this week to talk about the state and future of Facebook and its surrounding ecosystem. Zuckerberg shared his thoughts on recent changes to the Facebook Platform, competitive dynamics he desires amongst developers, the surprising growth of the social games business on Facebook overall, his vision for Facebook Credits, market perceptions of Facebook’s revenue streams and overall revenue numbers, what the company learned from its period of serious interest in Twitter, and Facebook’s company culture around money. Today, Facebook’s 1,400 employees are working on products to better serve and monetize its nearly 500 million monthly active users around the world – up from 150 million at the start of 2009.
We estimate the company did between $600 to $700 million in revenues last year, and will see between $1 and $1.1 billion in overall revenues this year.
Facebook acquiriring key engineers.