Archive | Facebook

The Facebook Business Model

Tags: , , ,

The Facebook Business Model

Posted on 14 February 2011 by Adviction

Mark Zuckerberg, Chris Hughes, and Dustin Moskovitz, founders of the Facebook.com phenomenon, saw an existing product in need of improvement and expansion.

A facebook is a book that is made up of photographs of individuals along with their names. Facebooks are often published at the start of the academic year by the administrations of colleges and universities, with the intention of helping students, faculty, and staff to get to know each other better. A facebook may be contrasted with a yearbook, which is traditionally published at the end of the academic year and usually includes details about various aspects of the preceding year, along with the sort of content one would find in a facebook.
Facebook.com is on online database of everything the old paper facebooks had and more. Continue Reading

Recent Posts

Post to Twitter

View Comments

The Facebook Story : A New Twist

Tags: , , ,

The Facebook Story : A New Twist

Posted on 09 February 2011 by Adviction

We all know about the mighty facebook, and the rise of “Alexander the Great” , or rather i should replace Facebook with “Mark Zuck”. Alexander the great was an awesome warrior who was on a spree to win the entire world and be the greatest emperor of all times, but in vain it did not happen, so shall we say that similar fate would be awarded to Mark Zuck also.

THE FACEBOOK STORY Today Mark Zuckerberg (facebook) has changed the fate of Internet and so called social media, Today every blogger is writing about it and the hype has gone beyond reaches of any one. Facebook which was started in a small Dorm room of Harvard has taken over the web if not completely then a major part of it. Facebook was not the original concept it was first stolen from Winklevoss twins who were mark’s seniors and also the founders of “Harward Connection”, they got there compensation for the same , which was a whooping amount of $65 millions, awesome money which they might have not dreamt of earning with true potential of “Connect U” but then who cares, we have facebook and they have a claim over it.

This is really ironical that Mark Zuck is a celebrity today but is a cheater at the same time and this is public , Globally all the big media players covered the Trial and settelment between Zuck and Winkelvoss and then came The Social Network movie which did the final damage, today even public knows about this. Its was hard for me to figure out at the end of the movie to determine that who was the good guy or who was the bad guy in the movie, The sympathy was with “Eduardo Saverin” who was a great friend and also the founder member of facebook along with Zuckerberg but was Ducked by him, he was a classic example of back stabbing and the second from Mark Zuck in the tale so far.

Facebook was not a genuine idea anyways as the friendster and Myspace was already there and teens were flocking them so this means the ideation was original but the idea was not. In a same fashion that Colt was the one one who invented Gun but then came engineers who excelled the idea and game us AK-47 :-) , Eduardo Saverin was a great guy according to me and according the script displayed in The Social Network”, he was a true friend, as when the idea of facebook popped up in Mark Zuck’s mind he was the first one whom he discussed the idea with and being a true friend Saverin agreed to the greatness of the idea, well at the age of 19 it was a tough decision to fund any friend’s idea with ones father’s money but Saverin did the same , He was the first ever investor and partner with 30% stake in Facebook however there was no writer clause for the same , but according to me only a true friend can agree to pay you such amount ($18000) without having a plan for revenues, it went ahead for few months and facebook started growing within the campus and then Mark met Sean Parker (Napster.com Fame) and the story changed completely.

Its great to be ambitious and we all are equally ambitions but is it fair to stab someone who is your best friend and someone who gave you wings to fly, imagine if Saverin would have said no to Zuck when he narrated the whole idea he would have never gone ahead with it as Mark was not financially stable to bear the costs on his own and getting the finances only on an idea was truly a herculean task those days, or another fate would have been That Zuck would have gone ahead with Winkelvoss brothers to create Connect U and probably today identified as one of the partners in it. Ha!!! It all sounds weird but this is true, Now imagine if Mark Zuck, Eduardo Saverin and Winkelvoss all were from Dubai (UAE) then the situation would have been like this, keeping the law system of Dubai in mind “an eye for an eye” then after losing the law suit to Winkelvoss, Mark would have been asked to create an equal big idea and give it back to Winkelvoss , isn’t it funny but that should have been the real justice. What is bigger the idea part or the execution part now opens a new debate in my mind, and believe me it’s quite difficult to answer this question.

What do you think about this ?

Now lets Peep what a bit into the major characters of “The Facebook Story” :

Mark Zuckerberg Mark Zuckerberg ( CEO Facebook.com )

  • He started facebook on feb 4th, 2004 with his two room mates Dustin Moskovitz and Chris Hughes.
  • Eduardo Saverin was his fast friend and also CFO of Thefacebook.com and had 30% stake in the company.
  • Facebook Got its first funding from paypal founder Peter Thiel.
  • Mark Zuckerberg is the most eligible bachelor on the planet earth today.
  • Today Mark Zuckerberg is the youngest Richest In the World with highest net worth of more than $2 Billion.

Eduardo Saverin Saverin Eduardo ( CFO thefacebook.com )

  • An American of Brazilian descent who is an entrepreneur and co-founder of Facebook.
  • Saverin met Mark Zuckerberg during his freshman year and later co-founded Facebook during his sophomore year.
  • Saverin drifted away from what was then known as “thefacebook” due to conflict in ideologies with Zuck.
  • Saverin sued Zuckerberg and Facebook in April 2005. Saverin won his claim in court to label himself as a co-founder of Facebook along with 5% stake.
  • He owns a 5% share of Facebook, worth $2.5 billion USD as of January 4, 2011.

Sean Parker Sean Parker ( Founder Napster.com)

  • Sean Parker (born December 3, 1979) is an American internet technology businessman.
  • He was a pro software programmer, At 16, he was sentenced to community service for hacking.
  • Parker graduated from Oakton High School in Fairfax County, Virginia. He co-founded Napster, a free file-sharing service for music.
  • Lawsuits by various industry associations eventually shut down the Napster.
  • He became Facebook’s first president receiving 7% of Facebook’s stock.
  • In 2006, Parker joined the Founders Fund, a venture capital fund based in San Francisco, as Managing Partner.

Winklevoss Twins Winklevoss Twins ( Founders ConnectU )

  • The original idea of College Network was from Winkelvoss twins along with Divya Narendra.
  • They named it as “Harvard Connection” which later got a new name as “Connect U”
  • Winklevoss twins were Olympic Fame Rowers.
  • They approached Mark Zuck to code the entire thing for them.
  • The sued Zuck for stealing the idea and setteled the case out of court in 2008 for $65 Million.
  • They have again Sued Mark Zuck for the same case however the allegation is The stock Valuation.

So now we have read so much about This Mark Zuck that i am really in dilemma that whose side shall I speak for. What Mark Zuck has done very few has ever achieved , 100s of organisation spent decades to reach a $$$ billion turnover but facebook did this in mere 5 years. People call that the evil will always get punished at the end so lets see what happens to Mark Zuck, if he is an evil guy who cheated on so many then whats his fate in near future.  !! Would love to read your comments !!

Courtesy : ACTIVEINDIAN.COM

Related Blogs

    Recent Posts

    Post to Twitter

    View Comments

    Netflix Planing For Facebook Integration

    Tags: , , ,

    Netflix Planing For Facebook Integration

    Posted on 31 January 2011 by Adviction

    Imagine logging into your Netflix streaming account using your Facebook ID, and watching Inception.  When you’re done, another family member sits down, clicks and logs in with their ID, and looks at their own customized recommendations.  This is what Netflix is planning with their announcement of entering the social media world, through Facebook.

    Netflix & Facebook

    Continue Reading

    Recent Posts

    Post to Twitter

    View Comments

    Facebook Makes Page Creation Even Easier : Check It

    Tags: , ,

    Facebook Makes Page Creation Even Easier : Check It

    Posted on 31 January 2011 by Adviction

    Facebook has made it easier than ever to start a new page.

    The new starter subsite has a visual guide that shows newbies exactly how a page will be named and classified on the site. Icons depict the different groupings of pages that new admins can select from to start creating a page.

    Behind this the easier-to-use interface is a more detailed categorization scheme that makes sure new pages show up in the right place on the site.

    The new interface also includes the opportunity to supply a current address for a local business that people would be able to check into using the geolocation service Places.

    Do you think the new streamlined interface will motivate more people to start pages on Facebook?

    Related Blogs

      Recent Posts

      Post to Twitter

      View Comments

      Facebook Scam: Niki Minaj Sex Tape Posts Are Scam

      Tags: , , ,

      Facebook Scam: Niki Minaj Sex Tape Posts Are Scam

      Posted on 31 January 2011 by Adviction

      The latest scam circulating on Facebook touts a Niki Minaj sex tape that doesn’t exist. Clicking through exposes you to malware and spam, and completing the survey makes a commission for the spammer while you get nothing in return.

      The posts about the nonexistent sex tape include a message in all capital letters with poor punctuation. Clicking on the link takes you to a page that asks you to click on a share button, which puts three posts on your wall while making it look like you’re only putting one up.

      The survey begins with a request for your contact information, followed by an ironic set of questions about which of the seven deadly sins you succumb to the most.

      After you complete them, the application promises to tell you which of the seven only after you’ve looked at about a dozen different marketing promotions that all ask you for more information. I clicked “skip” on all of them, and that’s probably why I was eventually told that my sin is “sloth” — the furthest thing from what I’m really like in real life.

      Have you seen posts about a Niki Menaj sex tape on your friends’ walls? Has anyone reported the scam to Facebook?

      Related Blogs

        Recent Posts

        Post to Twitter

        View Comments

        Facebook Participates In StartUp America Initiative

        Tags: , , ,

        Facebook Participates In StartUp America Initiative

        Posted on 31 January 2011 by Adviction

        President Barrack Obama and Facebook, plus numerous other companies, have formed the StartUp America Partnership to stimulate economic growth by fostering technology entrepreneurs.

        The initiative was announced this morning via a livestream on Facebook, and you can watch a recording of it here. Chaired by AOL founder Steve Case, the partnership will be privately funded but bring together players from both the public and private sector, including Facebook, Intel, IBM and Hewlett-Packard.

        Continue Reading

        Recent Posts

        Post to Twitter

        View Comments

        US Moms Over 40 Have More Facebook Friends Than Their Kids Do : Report

        Tags: , , ,

        US Moms Over 40 Have More Facebook Friends Than Their Kids Do : Report

        Posted on 31 January 2011 by Adviction

        A survey of more than 2,000 mothers over the age of 40 found that a majority have more Facebook friends than their children, and that they know how to better take advantage of their presence on the site.

        The U.K.’s Daily Telegraph reported the study, without including key like which journal published the findings and exactly how many mothers over 40 have more Facebook friends than their children. But the overall claims make sense nonetheless. Women with children younger than college age might not only have their own friends, but also their coworkers, their children’s friends, and their children friends’ parents among their contacts. Kids, on the other hand, generally have a much more limited social circle until they go to college. They also tend to stick with their own age group. It would be interesting to know, however, which group has more friends they have never met in real life, or that they met online. And who uses it as a dating outlet the most?

        Tammi Williams, who conducted the study, told the Telegraph that she created six categories to explain how mothers generally use Facebook. The two most popular groups might surprise you:

        • The Feel-Gooders: These are the kind of mothers who actively play games on the social network, and interact with their contacts in a purely social way. They genuinely enjoy the community spirit of Facebook and like to see what their friends are doing. “They get involved in games like Farmville and like sending virtual gifts to their neighbors,” the researcher explained.
        • The Do-Gooders: These women use Facebook as a tool to raise awareness on causes and safety issues, and not as a way to reveal or share personal information. An important follow-up survey on this group would be to know how often they share links on news items, and from what kind of sites, as well as what their political or religious backgrounds are. Certainly it seems that they are the ones who would support, for example, safety Amber Alerts becoming standard on Facebook.

        Less popular than these two are ones that you’d expect to have the most friends on the site:

        • All about me: They use Facebook to show the best pics of themselves, or to boast about their latest achievements.
        • Business bodies: They are the most Internet savvy and use social media to network or promote their work.

        As I read and thought about these categories, I wondered why the study didn’t take into account how mothers negotiated their Facebook presence depending on whether they were friends with their children and extended family. Also, was there a specific group that was more prone to befriend their children and monitor their activities online, or is this something that all  mothers do on social media?

        Related Blogs

          Recent Posts

          Post to Twitter

          View Comments

          Maximize Facebook’s Latest Privacy Measures

          Tags: , , ,

          Maximize Facebook’s Latest Privacy Measures

          Posted on 28 January 2011 by Adviction

          Facebook Hacked

          Just one day after Mark Zuckerberg’s Facebook page was hacked,Facebook responded with a whole menu of new security features.  More than just a publicity stunt, the quick response included some key changes that all Facebook users should know.

          Read on for all you need to know about these five, key new tools.

          1. HTTPS-enabled browsing protects users against password stealing on public networks and hacking schemes like the Firefox add-on Firesheep by creating a secure connection, even if the network is insecure.  Good news for sure, but Facebook has still left it up to the individual user to enable the HTTPS browsing themselves.  First, go to “Account Settings” under “Account” on the upper right of your screen, then down to “Account Security” and click “Change,” which will allow you to enable HTTPS browsing. You can also choose to receive an email when a new computer or device logs into your account.  One fair warning, however, is that HTTPS can sometimes dramatically decrease your page loading time, meaning what you gain in security, you may lose in speed.

          Continue Reading

          Recent Posts

          Post to Twitter

          View Comments

          Facebook is the Most Blocked Site : Report

          Tags: , , ,

          Facebook is the Most Blocked Site : Report

          Posted on 25 January 2011 by Adviction

          OpenDNS, the world’s largest provider of Internet navigation and security services, has just released some interesting statistics about the websites that are commonly blocked, and the websites that network administrators give access to their users in 2010. The report also ventures into detailing the sites that endured the most online scams in 2010.

          “Overall, 2010 was all about social, and this trend is reflected in the data we’re seeing at OpenDNS. Facebook is both one of the most blocked and the most allowed websites, reflecting the push/pull of allowing social sites in schools and the workplace,” said OpenDNS Founder and CEO David Ulevitch. “This trend was also apparent in the phishing data we analyzed, where Facebook and other websites focusing on social gaming were frequently the targets of online scammers.”

          Facebook was the top most blocked website in 2010, and the second most frequently whitelisted website, with more than 14 percent of all admins who block websites on their networks choose to block Facebook. The top three most frequently blocked websites included Facebook, MySpace and YouTube, with pornography being the top most blocked category.

          Paypal topped the list of site, that endured the most phishing attacks, with 45 percent of all phishing attempts made in 2010 were targeting PayPal. Paypal receives such astounding number of phishing attacks that Facebook, which came at no. 2 on the list, receives 9 times less attacks as were targeted towards Paypal. But with Paypal being the world’s top financial service, this is hardly a surprise to anyone.

          Social networks and Social games are the most phished brands on internet, with five out of top ten phished sites, belonging to this category. These five sites include, Facebook, World of Warcraft, Sulake Corporation (makers of Habbo), Steam and Tibia (online games).

          image

          Related Blogs

            Recent Posts

            Post to Twitter

            View Comments

            New Adam Sandler Movie Goes With Facebook Theme

            Tags: , , ,

            New Adam Sandler Movie Goes With Facebook Theme

            Posted on 24 January 2011 by Adviction

            While The Social Network may have been a fictionalized history of Facebook, other movies are trying to capitalize on the social network’s popularity including an upcoming Adam Sandler movie.

            As Ryan Spoon pointed out to us yesterday afternoon, Just Go With It, integrates Facebook into the  entire movie trailer, including a mention of the movie’s Facebook Page. While I’m sure a hot girl plus Adam Sandler, plus some social network references can sell tickets for a movie, I’m not sure how big of a role, if any, Facebook plays within the film itself. It’s definitely an interesting use of Facebook. Check out the complete trailer below

            Related Blogs

              Recent Posts

              Related Posts Plugin for WordPress, Blogger...

              Post to Twitter

              View Comments

              Advertise Here
              Advertise Here

              Like Box