Tag Archive for 'facebook'

Is Facebook’s Search function useless?

I met the CEO of Telligent Systems, Rob Howard in Barcelona. Telligent are the company who make Community Server amongst other things.

Rob and I had a great chat and decided to hook up on Facebook. It turned out to be a lot easier to meet in person then in Facebook! I typed Rob Howard into Facebook search and got back over 500 results! I gave up after paging through 15 of them!

Ok Rob, I said, Raftery is an uncommon name - try searching for that. Rob eventually found my profile on page 21. Over 500 Raftery’s? Who knew!

The Advanced Search in Facebook is no help in this scenario because that is limited to your existing network.

With over 50 million people signed up to Facebook, if you get 500+ results back on every search, is their search function now broken (or at least badly in need of tweaking)?

OpenSocial signs up MySpace and SixApart too!

I mentioned earlier in the week that Google was about to launch OpenSocial, a Social Network API platform. Since then Mike Arrington in TechCrunch is reporting that not only is it happenning but MySpace, Bebo and SixApart are on board too!

The OpenSocial site is now live and confirmed participants so far are:

Engage.com, Friendster, hi5, Hyves, imeem, LinkedIn, Ning, Oracle, orkut, Plaxo, Salesforce.com, Six Apart, Tianji, Viadeo, and XING

Why OpenSocial?

The web is more interesting when you can build apps that easily interact with your friends and colleagues. But with the trend towards more social applications also comes a growing list of site-specific APIs that developers must learn.

OpenSocial provides a common set of APIs for social applications across multiple websites. With standard JavaScript and HTML, developers can create apps that access a social network’s friends and update feeds.

Many sites, one API

Whither FaceBook, the current social network colossus in this? They and Microsoft (their recent investor) have got to be wondering how to meet this challenge to their dominant position. Probably the best approach would be to jump in too - that way they have all the advantages of the open platform without the development costs. Google are saying it is an open platform and they wouldn’t see that one coming!

The chances are though that they won’t jump on board and there will be two social network standards, Google’s OpenSocial standard and FaceBook’s.

Free son to a good home

Via the FaceBook Observer comes this gem:

Free to any kind of home. Lazy, slob, unmotivated, comes with no future plans, does not do chores, parties all night, sleeps all day, curses in his sleep, eats constantly, does not clean up after himself, very expensive, mouthy, knows everything, works sometimes.
Added bonus - own car, full-time girlfriend(no job) and very large black lab.
Let me know if interested, willing to deliver

Free son to a good home!

Having been up for 2 hours last night with a crying 18 month-old, I can well sympathise with the sentiment!

The black lab looks nice, though!

Microsoft buys 1.6% of FaceBook for $240m

The New York Times is reporting this morning that Microsoft has bought a 1.6% stake in Facebook for $240m, this values the company at $15bn.

This values Mark Zuckerberg, Facebook’s 23 year old founder at $3bn and Accel Partners, the venture capital firm that invested $12.7 million in May 2005 now owns 11 percent of Facebook stock worth a cool $1.65 billion.

The deal must be a huge relief for Microsoft after the stories circulating yesterday that Google were about to beat them to the post (pun intended!) in buying a piece of Facebook.

This is a dream deal for Facebook as they yield only 1.6% of the company and still manage to scoop $240m.

What is in it for Microsoft? Well, on the one hand, as the New York Times reports:

As part of the deal, Microsoft will sell the banner ads appearing on Facebook outside of the United States, splitting the revenue with it. Last year, Microsoft struck a deal with Facebook to run banner ads on the site in the United States through 2011.

but, probably equally importantly, Microsoft has stymied Google’s plans to own advertising rights on Facebook.

Is Facebook really worth $15bn? Who knows. A company is worth as much as a buyer is willing to pay for it. Today, for whatever reason it is worth $15bn to Microsoft. Who knows what it will be worth next week.

Are Microsoft trying to sucker the competition?

The Wall Street Journal has a piece today claiming that Microsoft are thinking of investing in FaceBook. TechMeme is buzzing with the news.

According to the WSJ article

Microsoft could purchase a stake of up to 5% in the closely held startup, at a cost in the range of $300 million to $500 million

This would value FaceBook at between $6bn and $10bn which seems high when FaceBook expects to have a profit of $30m on revenue of $150m this year, but what do I know?

I don’t suppose there is any possibility that Microsoft are trying to sucker Yahoo! or Google to jump the gun and throw a bucketload of money into FaceBook?

Should employers be blocking access to Facebook?

I was speaking to journalist Dermot Corrigan the other morning about Facebook.

He was writing an article for yesterday’s Sunday Business Post on how companies have started blocking access to Facebook for their employees. This is presumably on the back of articles like the one in the Telegraph recently which claimed that:

More than two thirds of employers are banning or restricting the use of Facebook and similar sites over fears that staff are wasting time on them when they should be working

This is an unmitigated load of cobblers frankly, and raises a number of issues, namely:

  • If I’m an employer, I either trust my employees, or I don’t trust them. If I trust my employees, there is no need to block sites like Facebook. If I don’t trust my employees, blocking Facebook is the least of my problems!
  • If I am an employer I have a responsibility to monitor my employees’ productivity. If it has demonstrably dropped as a direct result of using sites like Facebook then my first step should be to review my firm’s Internet Usage policy. We DO have an Internet Usage policy, don’t we?
  • The vast majority of employees are responsible and hard-working. If they spend an hour someday on Facebook or a similar site, they will make that hour up during lunch by staying late, or by taking work home with them
  • Speaking of taking work home, as an employer have I ever impinged on my employees time outside of work hours? If so, I can hardly complain if they bring some of their personal life to work!

But, instead of thinking negatively about it, how about turning it around and asking is there a potential benefit from having employees on FaceBook? Absolutely there is.

One asset any employee brings to his/her employer is their network. Conversations in networks result (directly or indirectly) to sales leads, which, if handled properly, result in sales.

Networks build profile and trust which should again bring about an increase in sales.

Networks also help fill vacancies and networks can be leveraged to get answers to difficult questions, reducing time spent on problem solving.

The main asset a company has is its employees. By exposing employees to their peers on channels like Facebook (and blogs, podcasts, etc.) companies get to show just how good their staff are. And if the staff are impressive, the company consequently as their employer, looks good too.

Companies who block sites like Facebook do so out of fear and ignorance - these are the same companies who blocked employee access to email early on, and who blocked access to the web when it started to become popular; for the same reasons now being given for blocking social networking sites.

Eventually these companies will realise that they are losing out and will quietly roll back the ban. However, I suspect that the longer they leave it, the more likely they are to lose their best employees to more progressive companies who allow open access to social networking sites.




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