Technology - Why $50bn may not be much between friends Even by the standards of the dotcom bubble, when billionaire twenty-somethings seemed to be minted daily, the news that 26-year-old Facebook founder Mark Zuckerberg is worth $12bn – at least on paper – has turned heads. If a new bubble is inflating in Silicon Valley, Facebook looks like proof. The social networking site was, until recently, seen as little more than a time-sink for teenagers. But the $50bn price tag slapped on by Goldman Sachs – the closest thing Wall Street has to an official stamp of approval – has seen investment euphoria over hot Californian start-ups reach levels not seen since the heady early 2000s. Mr Zuckerberg is best known as the preternaturally smart (but socially awkward) Harvard dropout from the film The Social Network, a strong contender for this year’s best picture Oscar. Yet his company is now judged to be worth twice what Google was valued at when it went public. This has set up a fascinating tussle over the future of the web.
Money Expert - Compare Loans, Mortgages, Remortgages, Credit Car Social graph This animation shows the different types of relations between social objects. User Eva is a friend of Adam and Kate, though Adam and Kate are not friends themselves. Peter's photo was "liked" by many users, including Eva. The term was popularized at the Facebook F8 conference on May 24, 2007, when it was used to explain that the Facebook Platform, which was introduced at the same time, would benefit from the social graph by taking advantage of the relationships between individuals, that Facebook provides, to offer a richer online experience. The definition has been expanded to refer to a social graph of all Internet users. Since explaining the concept of the social graph, Mark Zuckerberg, founder of Facebook, has often touted Facebook's goal of offering the website's social graph to other websites so that a user's relationships can be made aware and put to use on websites outside of Facebook's control. This can be accomplished through the Facebook Open Graph API. Issues
Facebook: One Social Graph to Rule Them All? Facebook.com founder Mark Zuckerberg smiles at Facebook headquarters in Palo Alto, Calif., in this Feb. 5, 2007, file photo. Facebook Inc. has avoided the acquisition frenzy that's gobbled up MySpace.com, YouTube and other startups, and the company is now striving to become a general portal like Yahoo, not just a social networking site for college students. AP Photo One social graph to rule them all? With more than 400 million people already on Facebook, CEO Mark Zuckerberg is eager to add more and he hopes the company's latest announcements will expand its domination of social networking. That was the subtext today as Facebook kicked off F8, its annual conference for software developers in San Francisco. Zuckerberg talked about how the company intends to connect parts of the Web that other social sites are building, part of what he described as the "Open Graph." "Yelp is mapping out the part of the graph that relates to small businesses. No Standalone "Connect" Privacy an Issue?
The Next Evolution of Facebook Platform We're hosting our third f8 conference in San Francisco today. There are two important themes behind everything we're delivering today. First, the Web is moving to a model based on the connections between people and all the things they care about. Second, this connections-based Web is well on its way to being built and providing value to both users and developers — the underlying graph of connections just needs to be mapped in a way that makes it easy to use and interoperable. Today we are introducing three new components of Facebook Platform to make the connections-based Web more real: social plugins, the Open Graph protocol, and the Graph API. Social Plugins Instantly engaging social experiences with just one line of HTML Social plugins are the easiest way to integrate the social graph into your site and provide an instantly personalized experience to your users. Open Graph Protocol Any webpage can now easily become part of the social graph Graph API Hacking the Graph
Building the Social Web Together Connecting to Everything You Care About Knowledge economy The knowledge economy is the use of knowledge (savoir, savoir-faire, savoir-etre) to generate tangible and intangible values. Technology and in particular knowledge technology (Artificial Intelligence) help to transform a part of human knowledge to machines. This knowledge can be used by decision support systems in various fields and generate economic values. Knowledge economy is also possible without technology. The phrase was popularized by Peter Drucker as the title of Chapter 12 in his book The Age of Discontinuity, And, with a footnote in the text, Drucker attributes the phrase to economist Fritz Machlup and its origins to the idea of "scientific management" developed by Frederick Winslow Taylor. Concepts A key concept of the knowledge economy is that knowledge and education (often referred to as "human capital") can be treated as one of the following two: It can be defined as Evolution Driving forces Characteristics Technology See also