Facebook Business Model
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For now, Facebook’s gaming managers aren’t worried about the competition from Google+. If they keep doing a good job growing the engagement and monetization of users on their own platform, they expect that game developers, users, and Facebook itself will be happy no matter what the competitive landscape looks like. The stakes are pretty high right now, as Google and Facebook have finally begun to compete directly against each other this week in the social game market, where billions of dollars are at stake.
Mitchell Harper is co-founder of BigCommerce , a leading provider of shopping cart software used by more than 40,000 organizations worldwide.
Christian Taylor is founder and CEO of Payvment and developer of the number-one Facebook ecommerce platform for brands, agencies and merchants, and the world’s only Facebook Shopping Mall . Many of the new features introduced at Facebook ’s f8 Developer Conference last Thursday, such as a customizable Open Graph and real-time news Ticker , will have a tremendous impact on social commerce and social shopping in the very near future. SEE ALSO: How Facebook Timeline Might Radically Change the Look of Brand Pages [PICS]
Twice a year (in June and in December), Vincenzo Cosenza creates a “world map of social networks” , showing the dominant social networks by country, based on traffic data gathered from Alexa and Google Trends for Websites.
Here’a quick six-point speed summary on what Forbes (Tomio Geron) has to say on Facebook’s future as an e-commerce platform . Bottom line, the low cost of entry using Facebook as an e-commerce platform means businesses are increasingly willing to experiment… Traditionally, the role of Facebook in e-commerce has been as a traffic driver.
Forget about the X-factor, does your brand have the F-FACTOR, the talent needed win the battle for profitable friends, fans and followers in Facebook (and other social media)? That’s the subject of this month’s briefing from Trendwatching.com – well worth a read. But here’s the speed summary in 5 key points, along with a summary video from Facebook and a natty little infographic from digital insight and marketing agency One to One .
Here’s a useful infographic from Janice Diner , summarising the current ‘ecosphere’ f-commerce and the six ways in which vendors are selling with Facebook (see Janice’s full presentation here ).
Facebook’s invading our social lives – that’s a fact! But what if you can buy stuff with a Facebook virtual currency? It may be something bigger than Paypal or anything else we’re using to pay for our purchases online.
Alexander Osterwalder Originally I was planning to write a post on “Why The Crazy Facebook ($50B) and Twitter ($3B) Valuations Might Just Make Sense” by highlighting the key characteristics of their business model (e.g. scalability). However, I thought it would be way more fun to reverse engineer Facebook’s business model with ballpark figures in collaboration with you, my smart and loyal blog readers.
I have often grumbled about " story time !", the practice of spinning grand stories based on tiny morsels of data. It's not that I disapprove of story-telling per se -- it is that the story-teller has got to find evidence to support his/her stories.