FaceBook - head of another DotCom crash?
Discussion
t out of them, sell their data and brainwash them into behave/buy/conform. I very much doubt that this will have much impact on the longer term operations of Facebook - their prime raison d'etre is to extract as much personal info about you as possible and sell it on to the highest bidder. Anyone who thinks they give, or ever have given, a flying fig about 'privacy' is deluding themselves.
The only reason this is raising such a stink in the media is because there's a nice anti-Trump angle to be made about it, and the media loves a story that can get a dig in at him. It'll be forgotten next week and a large chunk of the dimmer-witted public will merrily go on posting their entire life for the World to see and self-compiling a surveillance dossier on themselves - as they have enjoyed doing for years. Got to get those 'likes'.
The only reason this is raising such a stink in the media is because there's a nice anti-Trump angle to be made about it, and the media loves a story that can get a dig in at him. It'll be forgotten next week and a large chunk of the dimmer-witted public will merrily go on posting their entire life for the World to see and self-compiling a surveillance dossier on themselves - as they have enjoyed doing for years. Got to get those 'likes'.
It's OK, we know the EU has got it sorted and it's pure genius, nothing less than expected...
A 3% tax on the digital sales revenue of multinational tech co's such as FB and Google.
Not 2.5% or 4% as those level of tax wouldn't get the job done, clearly 3% is where it's at as 3 is a magic number.
Paying shedloalds more tax for politicians to spunk is sure to stop third parties or even rogue employees being naughty.
Grasping eurodrone twunts strike again, if it happens but then it's the thought that counts.
O/T?
Meanwhile the EU pension fund has been described as on the brink of collapse in reports from last year through to January this year, using calculations based on the UK being in the EU (as we were/are but won't be). Individual countries face nothing better.
A 3% tax on the digital sales revenue of multinational tech co's such as FB and Google.
Not 2.5% or 4% as those level of tax wouldn't get the job done, clearly 3% is where it's at as 3 is a magic number.
Paying shedloalds more tax for politicians to spunk is sure to stop third parties or even rogue employees being naughty.
Grasping eurodrone twunts strike again, if it happens but then it's the thought that counts.
O/T?
Meanwhile the EU pension fund has been described as on the brink of collapse in reports from last year through to January this year, using calculations based on the UK being in the EU (as we were/are but won't be). Individual countries face nothing better.
Edited by turbobloke on Thursday 22 March 07:08
Lucas Ayde said:
I Got to get those 'likes'.
Interesting about the likes comment, they really don't mean much at all, a friend who runs a business had 10,000 likes on an activity they were doing they had two bookings via FB so likes are really quite meaningless just more IT vapourware 
Toaster said:
Lucas Ayde said:
I Got to get those 'likes'.
Interesting about the likes comment, they really don't mean much at all, a friend who runs a business had 10,000 likes on an activity they were doing they had two bookings via FB so likes are really quite meaningless just more IT vapourware A few years ago, businesses started to rely on FB - they could send an invitation to those who liked a page to, say, an event. Then FB removed that option (once people were used to it...) and instead insisted on paid "boosts" and the like.
Those who Like a business only see the event notification if FB's algorithm deems it appropriate / potentially interesting / etc. It is - strangely - on the ways in which FB stifles spontaneity and serendipity - you tend to see more of what you already apparently like.
It isn't vapourware at all. It is just that, as the old saying goes, if you're not paying for the produce then most likely you *are* the product.
It reminds me of the chap who got caught selling fake bomb detectors. One of his staff had apparently called him out on it, saying "you can't sell this - it doesn't do what it is designed to do" to which the chap replied "of course it does: it is designed to make me a lot of money, and it does that very well indeed..."
That’s quite a drop.
“Facebook shares tumbled by more than 20% on Wednesday after the social media network's revenue and user growth fell short of investor expectations.”
https://www.bbc.co.uk/news/business-44957359
“Facebook shares tumbled by more than 20% on Wednesday after the social media network's revenue and user growth fell short of investor expectations.”
https://www.bbc.co.uk/news/business-44957359
The whole valuation is predicated on user and revenue growth.
Users (the valuable ones in the developed world) appear to be flat. Of course, they can sign on a billion people with no money, but they aren’t as valuable. Everyone who wants to get Facebook is already on it.
At the same time, monetising these users is becoming harder. A huge number of users have opted out of targeted advertising, which is the whole point of Facebook. If I don’t give you permission to track and target me, I’m just another user. Of course they’ll bend the rules, but when they get caught, the public reaction will be severe.
Clearly they’re profitable. The question is whether the unicorn valuation is justified.
Users (the valuable ones in the developed world) appear to be flat. Of course, they can sign on a billion people with no money, but they aren’t as valuable. Everyone who wants to get Facebook is already on it.
At the same time, monetising these users is becoming harder. A huge number of users have opted out of targeted advertising, which is the whole point of Facebook. If I don’t give you permission to track and target me, I’m just another user. Of course they’ll bend the rules, but when they get caught, the public reaction will be severe.
Clearly they’re profitable. The question is whether the unicorn valuation is justified.
Facebook to launch their own currency.
"Social media giant Facebook has unveiled plans to launch a new digital currency, called Libra, next year.
It said people would be able to make payments with the currency via its own apps, as well as on messaging service WhatsApp.
Firms such as Uber and Visa are also likely to accept it in future, it said."
https://www.bbc.co.uk/news/business-48664253
Given Facebook’s record on privacy and data management, will people really trust them with their money?
"Social media giant Facebook has unveiled plans to launch a new digital currency, called Libra, next year.
It said people would be able to make payments with the currency via its own apps, as well as on messaging service WhatsApp.
Firms such as Uber and Visa are also likely to accept it in future, it said."
https://www.bbc.co.uk/news/business-48664253
Given Facebook’s record on privacy and data management, will people really trust them with their money?
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