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Every Mobile Phone Will Be Connected To Us : Says Facebook

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Every Mobile Phone Will Be Connected To Us : Says Facebook

Posted on 22 January 2011 by Adviction

Not satisfied at conquering iOS, Blackberry and even Windows Phone 7 devices, Facebook has now turned their sites upon a market seen as dead in the western world but still thriving in the east.

The Facebook for Feature Phones app works on more than 2,500 devices from Nokia, Sony Ericsson, LG and other manufacturers, and it was built in close cooperation with Snaptu. The app provides a better Facebook experience for our most popular features, including an easier-to-navigate home screen, contact synchronization, and fast scrolling of photos and friend updates.

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Why Facebook Could Be Worth $200 Billion ?

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Why Facebook Could Be Worth $200 Billion ?

Posted on 21 January 2011 by Adviction

With Google worth more than $200 billion based on nearly $29 billion in revenue last year, and Facebook worth $50 to $70 billion based on less then $2 billion in revenue last, it’s easy to call Facebook’s current valuation hype. Why then would so many investors be willing to purchase a stake in Facebook for so much? We take a look.

The Global Advertising Business

While it’s hard to find hard numbers on the total global advertising market, one report we found from 2009 pegged global ad spending at more than $440 billion. What does this have to do with Facebook and Google? Well, the primary revenue source for both businesses is advertising. One of the best ways to value a business is by analyzing the broad market that is involved in. While Facebook’s Credits business is growing rapidly thanks to the explosion in social games, it still accounts for a small portion of Facebook’s revenue (although it could definitely grow significantly).

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Can Eduardo Saverin’s New Investment Help Facebook Beat Google?

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Can Eduardo Saverin’s New Investment Help Facebook Beat Google?

Posted on 21 January 2011 by Adviction

One of the original co-founders of Facebook, Eduardo Saverin, led the $8 million in venture financing of Qwiki. Calling this startup a maker of web query software oversimplifies the curated multimedia presentations that the Internet search tool produces. But because it seems like an obvious improvement over Google, we wonder how this innovation might benefit the leading social network.

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The Mystery of Likes and Un-Likes on Facebook

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The Mystery of Likes and Un-Likes on Facebook

Posted on 20 January 2011 by Adviction

The race is on for Facebook likes. Every brand, small business and individual around the world is looking for them. But what happens after you get those elusive likes?

Nobody thinks about what happens to the likes that they already have. Do people who like your page automatically see your content? How many people are un-liking your page? Are people hiding your content or are they just ignoring you? Getting likes on Facebook is as easy as paying a few cents per like (and you can be sure at that price they are not worth much) but the real challenge is keeping them and making sure you engage with the people who like your page through lasting content. So here is how Facebook determines just what you see each time you log-in.

You Decide

One of the most obvious ways that Facebook determines what appears on your wall is by giving you the choice. On any individual post you can click on the right little x to reveal a drop down which gives you 4 options: 1. Hiding that individual post 2. Hiding all posts from that person or page 3. Un-liking the page and 4. Marking as Spam. Start posting too often or posting content that people don’t like and you are only ever one click away from being removed for good.

Edgerank

While you have probably never heard of this, you may have heard of Pagerank from Google that ranks web pages. This is the very same principle.

Edgerank takes in a number of factors to determine what you see in your news feed, here is a more detailed explanation…

Affinity is a measure of the level of interaction you have with that profile. If a user visits your page or comments on your posts, you will have a higher affinity score. The same thing happens if you visit another person’s profile or send them messages often. This is why as you stop interacting with certain people, they seem to disappear. They are still there, but their affinity score is too low to be much of a factor in helping them to achieve enough EdgeRank for your newsfeed.

Weight is a measure of the type of interactions that your posts and status updates are generating. We should consider ourselves lucky that Facebook even let us in on the basic factors of EdgeRank, but they won’t go into much detail on how the Weight factor is determined. My thinking is that creation > tagging > commenting > liking. That is creating a post (such as on a person’s or Page’s Wall) likely increases the Weight of that particular post. If you are tagged in a post (such as a photo, video, or status update), or if you tag someone else, the Weight factor of the post will increase. Comments also contribute weight, and likes contribute a little. I base my theory on how the Weight factor works on the level of effort it takes for each interaction.

Decay is probably the most obvious to most people. Decay is a factor that effectively lowers the EdgeRank of an Edge as time passes. This is why your “Top News” tab appears to not be in any chronological order. If the Affinity and Weight factors of a post are significant enough, it may take a lot of time (relatively) for the Decay factor to drop it down in EdgeRank. This is why you can see posts at the top of your newsfeed that are two days old, and one that is a half-hour old below it, then 2 hours, then 30 seconds, etc.

You can read a little more about edge rank here on Quora.

This is massively important. Marketers tend to look at their total likes on a page and say “my content will hit 100,000 people when I publish Facebook status” but just because they have 100,000 Facebook likes that not the case. If the individual Facebook user has not been engaging with their content then the chances are that it might not even appear on their newsfeeds. Don’t engage for a longer period of time and the like is worth even less.

Un-Likes

When you first kick off your page it’s all about getting likes but as it grows it’s probably just as important to start looking at un-likes. Have you posted something that people didn’t like that forced them to un-like your page. Maybe they just signed up expecting something different or you are veering off topic. Maybe there is a more serious problem with your content or you suffer from competition junkies coming along and liking the page just to win competitions before un-liking the page as soon as the competition is over? As your page grows, monitor your un-likes as much as you do your new likes as they may be the fastest way of increasing your net likes.

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    Behind the relationship of Zygna and Facebook

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    Behind the relationship of Zygna and Facebook

    Posted on 20 January 2011 by Adviction

    After a year of non stop hype stoked by events like the recent50 billion valuation after a 500 million dollar investment fromGoldman Sachs, there will be very few people on the planet who have not heard about Facebook.

    Then there’s Zynga, the company that creates social games built on top of the Facebook platform, which has comparatively been flying under the radar apart from in tech circles. Even though Zynga produces popular games like Farmville, Cityville and Mafia Wars, the parent company Zynga has been more focused on generating huge amounts of revenue rather than generating the sort of mainstream press Facebook have been getting.

    The two companies are intrinsically linked but who needs who more and could they live without each other?

    Facebook Revenues

    The big question I have is just how much of Facebook’s revenues are coming from social gaming? Zynga may be the biggest Facebook advertiser and that is not something that they can take lightly. The fact that Facebook doesn’t have to reveal its revenue sources is a good thing for them because if it was a case of Facebook getting 50 or 60% of their total revenues from social gaming that is something that could influence their valuation negatively. I believe social gaming makes up a huge part of Facebook’s revenues although they have made massive strides in other areas to open up parts of their advertising platform to brands and decrease their over dependency on social gaming.

    Zynga Helps Skew Facebook’s Numbers

    The amount of time that people spend on Facebook every day is a great number to roll out to advertisers, but n.b.- that number is massively skewed by the 100s of millions playing social games for hours on end pushing up those average times.

    Similar Investors

    The companies have a lot of ties that link them together behind the scenes. Zynga CEO Mark Pincus was a very early investor in Facebook which has probably given him insight into where the company is headed from a strategic level. More importantly, both companies have very significant backing from Digital Sky Partners, the Russian investment firm, which means that they should have a common vision or at the very least a mediator to keep calm heads if things get ugly.

    Could Zynga Go It Alone?

    There have been a few behind the scenes rows like when Facebook put pressure on Zynga last year to start using its Facebook credit system. Zynga essentially sells virtual currency which costs little or nothing to produce and is nearly all profit. Introducing Facebook credits for its users means Zynga would be paying Facebook a 30% tax for using its platform, which Zynga thinks is unfair. It is however a fair price that is applied evenly across its entire platform and it’s a small price to pay in the long run for tapping into a community of over 600 million users.

    Google Gaming Platform?

    Things get slightly more complicated when you take into account that Google invested a couple hundred million into Zynga last summer and has plans to set up its own social gaming platform. It makes sense for Google to get into social gaming as a step to combat Facebook but the launch was meant to happen in 2010 and nothing has happened yet. You can expect that it has been pushed out to the middle of 2011 like the rest of Google’s +1 social networking strategies. If Google does enter the market in a serious way it will give Zynga an interesting alternative to Facebook’s platform but it all depends on the social networking capabilities that are built in and that is something that Google has not been good at in the past.

    Better The Devil You Know

    Facebook could live without Zynga. It would suffer a major blip in revenues if Zynga pulled out tomorrow but somebody else would move in, replicate the games and be willing to pay the percentage on credits. It hurts Zynga to pay such a large portion of its revenues over to Facebook but it’ll never find a better platform for fast growth. There are huge amounts of money involved and greed could see these bedfellows fall out at some stage but I’d imagine because they have similar investors, are both huge unstoppable juggernauts and are both headed for IPO that they’ll continue to live together and enjoy huge success.

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      Facebook Reaching one billion users in 2011. Is it Possible?

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      Facebook Reaching one billion users in 2011. Is it Possible?

      Posted on 20 January 2011 by Adviction

      Facebook hit 500 million active users back in July. Last week, rumours were rife that the 600 million mark was surpassed.

      Even if this claim proves to be premature, the world’s preeminent social network is certainly close to achieving this amazing milestone. And one hundred million new users in six months is staggering.

      Now, if you’re a ‘glass half-full’ kind of person, then you’d perhaps say that almost 10% of the Earth’s population uses Facebook. But I get the distinct impression that Mark Zuckerberg has just a smidgen of the ‘glass half-empty’ syndrome, meaning that over 90% of planet Earth has yet to sign-up for Facebook. Quite the challenge…

      So, where have these 6 billion-plus people been hiding? Don’t they know about Facebook? Do they know it’s available in almost seventy languages?

      Well, it seems the answer lies in the bigger technological picture: Internet penetration.

      Internet penetration vs. Facebook uptake

      The US and UK are among Facebook’s highest performing countries, both in terms of penetration and the overall number of users, but they are actually now amongst the slowest growth countries for Facebook, simply because it’s reaching saturation point.

      Not surprisingly, the US and UK also have very high Internet penetration, with 77.3% and 82.5% respectively. And in the past decade, the online population of both countries has grown by an average of 192% between them.

      Now contrast this with the BRIC countries. Brazil only has 37.8% Internet penetration, but its growth over the past decade has seen a 1,418% rise. Russia’s Internet penetration is only slightly more at 42.8%, which represents a growth of 1,825% since 2000. And check this – less than 7% of India is hooked up to the World Wide Web, but that is still a growth of 1,825% in the last ten years. Finally, just under a third of China is now online, which means its Internet populace has grown by 1,766% since the turn of the century.

      Looking at Facebook’s growth figures over the past six months, the Chinese people are doing a stellar job of defying attempts to restrict access to the website, and users have grown by 90%, which makes it Facebook’s fastest growing country…on paper, at least. Similarly, Brazil and Russia have seen Facebook’s uptake increase by over 50%, whilst the Indian market has grown by over 40%.

      But with Facebook penetration in all the BRIC countries still lingering well below the 5% mark, there’s clearly room for Facebook to grow significantly, in some of the world’s most populated countries.

      Internet access is on the rise

      High-speed Internet access is increasing all the time, across Asia and many other developing regions, which is why 2011 could well be the year Facebook hits the magic billion-users mark. That’s how social networks work: the more people that join, the faster they grow.

      That is, of course, until saturation point is reached. But as we can see, Facebook is still far from saturation in many parts of the world, even in places where it IS the number one social network, such as India.

      For social networks to work, everyone has to use the same platform, which is one of the main reasons Facebook will continue to grow into the stratosphere.

      With social networks, once a growth-spurt starts it keeps going because it is rather difficult, not to mention impractical, for anyone to shout ‘right, everyone, let’s move over to this other social network, spread ourselves out a bit.’ Sure, you can cite Bebo and Myspace as examples of social networking sites falling from grace, but Facebook is past the point of no return…it’s too big to stop now.

      Retention is key to any social network’s longevity, and the more Facebook grows, the less likely it is to lose people. So can Facebook get 400 million more users by the end of 2011? Don’t hold me to it, but I’ll say…probably.

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        Stop The Posts About Facebook Deleting Accounts

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        Stop The Posts About Facebook Deleting Accounts

        Posted on 13 January 2011 by Adviction

        Walls are filling up with false claims that Facebook will delete inactive acccounts in two weeks to free up space on the network.

        These posts tend to have poor spelling and punctuation, and we’ve reproduced one of them verbatim for you here:

        This in from facebook..There are many complaints that Facebook has become unacceptably slow.The report shows that Facebook has a number of inactive members. They want us to re-post this message to see who are active and who are not If you don’t post this message within 2…weeks……you will be removed in order to get more space. Post this on your wall to show that youare active in the facebook page!!

        Those of us who follow Facebook’s doings more closely than the average person know that the social network is constantly expanding its technology infrastructure to accommodate growth. Most likely, spokespeople for the social network will make a formal statement about this particular hoax and we can all move on.

        How do you suppose this particular rumor originated, and why are so many Facebook users willing to believe it?

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        Bosnia Is Angry At The Movie ‘The Socal Network’

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        Bosnia Is Angry At The Movie ‘The Socal Network’

        Posted on 13 January 2011 by Adviction

        Do you remember the line from The Social Network that went, “Bosnia, they don’t have roads, but they have Facebook?” Neither did we. But that offhanded remark has angered all of Bosnia.

        Bosnians have started numerous forum threads and discussions focusing on that line in The Social Network. People in that part of the world apparently have a hard time telling whether the remark was intened as an insult to the country, despite admitting that there’s some truth in the statement. Translations of U.S. movies into foreign languages, whether through voice-overs or captions, often sacrifices intonatons that would make clear when a joke is in fact a joke.

        It was really interesting to see how this remark that’s far from being central to the movie’s plot drew the attention of people in Bosnia. The Social Network isn’t the first movie to mention this part of the world in a tone that people outside of the U.S. might have misinterpreted (e.g. The Rock), but the Facebook movie was featured on TV news because of the remark and ever since then it’s been one of the most-discussed films of all.

        What made Bosnians so angry? Well, Bosnians in fact have a lot of pride and many of us classified the remark as arrogance and typical “ignorance of the Americans.”

        Nevertheless, the buzz tells a lot about the popularity of Facebook and the movie in this part of the world. The Social Network was long awaited in Bosnia and that adds to the attention paid to the remark.

        Source Allfacebook.com

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        Want Thousands Of Facebook Likes For Few Dollars?

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        Want Thousands Of Facebook Likes For Few Dollars?

        Posted on 10 January 2011 by Adviction

        If the term “auto-like” makes you salivate, you might be a brand manager or Facebook page administrator. Getting as may “likes” as possible on the social network is the proverbial Holy Grail for some, and if there’s a way to increase a fan base through automation, there are many willing to do so.

        -Unlike Icon-

        An oDesk listing sent to us by Rafael Fortuny of Invitar requests the development of a script to automatically generate Facebook likes from a database of emails and passwords for what we would assume are fake Facebook accounts. The poster offers a whopping $40 to whoever develops the script. While I’m sure that someone will build a junk script, there’s a much greater likelihood that all the fake accounts will be shut down and the likes disappear forever.

        Here’s the posting that was published on oDesk:

        We want a PHP script that automatically likes a particular post/picture on Facebook XX number of times.

        We have a database of username, passwords and proxies.

        The script should login into facebook using random proxy from our database, like, logout and repeat the action given number of times.

        You can use script given at http://fernandomagro.com/programming/facebook-auto-like-script/

        While it could theoretically work, I’m not quite sure what value having thousands of fake Facebook likes is worth, unless of course you are looking to resell those likes to other brands, something we expecting to happen once this script is developed. The resale possibilities explain why so many sites promise thousands of fans for only a few bucks; often the “likes” are fake, but plenty of brands are so desperate that they are willing to try anything.

        From our own experience, your best chance of getting quality fans is through buying Facebook ads. However if you’d prefer to get fans for unheard of prices, you might as well contact the poster of this particular oDesk listing.

        Special thanks to Rafael Fortuny for the tip.

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        Don’t Click Suge Knight Posts :WARNING:

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        Don’t Click Suge Knight Posts :WARNING:

        Posted on 10 January 2011 by Adviction

        No matter how much a Facebook post about Tupac Shakur’s murder piques your curiosity, don’t click on it — especially not if the item says “Suge Knight arrested” and lists an application on the site as its origin.

        The latest spamware spreading across the social network appears to have two different names, Tupac Murdered and Suge Knight Killed Tupac. Both promise videos you’ll never see and only lead you through a series of clicks to a survey that earns the spammer a commission if you complete the thing.

        This spamware appears to have gotten started during Friday happy hour over at Facebook, a time that seems to give the spammers an advantage: Even after our friends at Facecrooks pointed out this scheme last night, it’s still spreading unchecked.

        Have you seen this particular spamware show up on your friends’ walls or newsfeeds? Has anyone reported it to Facebook yet?


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