Q: How in Holy Hell are Facebook, Slide, Ning, & "Toy Apps" worth Billions? A: Social Commerce.
hey Kara: want to know why Facebook, Slide, RockYou, Ning, & all those other Facebook toy apps (& MySpace, etc) are worth $15B or $500M +?
well if they're worth anywhere near that much, it's not obvious 100M+ widgets, walls, & installs are what generates revenue... however, it MAY be because of the social graph data-mined from those users & apps & widgets, and what that means for the future of Social Commerce.
besides Kara, you've said it yourself...
Can you elaborate a little more on what this means: "social graph data-mined from those users & apps & widgets"?
Posted by:Adrian Bye | Friday, May 02, 2008 at 05:50 PM
If there's so much moneys in that social graph, why doesn't Yahoo have all the money, since they have so much email to data-mine?
Posted by:Edward Vielmetti | Sunday, May 04, 2008 at 09:53 PM
Dave keep fighting the good fight! Kara's a hater, and she'll never catch you riding dirty. You or Chamillionaire.
Did she notice the $15 million in virtual gifts on FB in 2007? Or Apple beating wal-mart music sales with a desktop app, an api, and widgets? These are the wallets of tomorrow's brand equity.
Reminds me of something Shiv Singh said - basically that SM is the means, not the end. It's the platform, not the Website.
Kara doesn't get either of these concepts in her trend/fad argument construction. Oh well, still gotta hug the haters!
Posted by:Michael Leis | Monday, May 05, 2008 at 02:29 PM