Facebook - Huh?

[Finn]

Like we all need more social networking sites to keep us glued to these stupid computers. I joined Facebook to see what all the fuss was about and maybe I'm getting old, but I just don't see the bloody point. What happened to picking up the friggen phone and just talking or going out on a limb and organising a real BBQ with real food and real grog with your friends? No wonder the world is going crazy.

So anyhow, I read that the Company is valued at $NZ20 Billion. For god sake, it was just launched a little while ago! Yeah, good on the guy for spotting an opportunity and nailing it, but where's the real "value" in the damn site.

What's worse is the guy wears sandals but wait, there's more... he's a gindger!

http://www.nzherald.co.nz/category/s...ectid=10471970

[Joni]

Yup, I signed up for it too...
Got bored pretty quick... I might check in once a week now if I remember!

[jrandom]

I wonder what KB would be worth?

[bungbung]

about $3.50

[jrandom]

Is another online bubble growing?

I guess this valuation of FaceBook must be viewed in the same way as the valuation of broadcasting rights to a World Cup soccer final. Somewhere, someone's done the advertising revenue numbers, and worked out that they constitute an acceptable return on an NZ$20B investment.

Lucky ginga.

[imdying]

but where's the real "value" in the damn site.

Advertising, there's your Golden Ticket.

[xwhatsit]

Facebook is quite popular amongst uni students and some of the more educated professionals; it originally was restricted to just Harvard students/graduates and then a few more Ivy League and other unis. Now it's open season, but a good chunk of the original `culture' still remains, so it's a lot more to-the-point compared with Myspace/Bebo, which are very teeny-bopper bright-neon low-braincell in comparison; although the recent proliferation of Facebook Apps seems set to change that.

Out of all the social networking sites, it's probably the one with the most chance of becoming legitimised in normal culture.

Useful? Well, that's open to intepretation. Good way of keeping in contact with friends overseas, sharing photos, the usual guff. Useful along the same lines that the Rant/Rave subforum on Kiwibiker is considered useful.

[Flatcap]

Useful? Well, that's open to intepretation. Good way of keeping in contact with friends overseas, sharing photos, the usual guff. .

So now we can be bored senseless by crappy snapshots whenever we want!!

[merv]

So where does the return on investment come from? What revenue does it actually generate? Can it just go poof and the money is gone?

[NighthawkNZ:Me]

about $3.50

I'll buy that for a dollar

[imdying]

So where does the return on investment come from?

Selling advertising on the site, like google adwords

What revenue does it actually generate?

Some a little, some a lot... there's entire books on it, and plenty of info on the web.

Can it just go poof and the money is gone?

Nope, it's all real money... the sites popularity can go poof and it's gone however, and that's the trick with IT investments like that, predicting the popular ones early enough to make a killing.

[Trudes]

My mate who's in London at the mo tried to get me on it, but I couldn't be arsed filling in all the info and uploading a pic and shit, then some random guy sends me an e-mail asking me to be "his friend" which then gives my hubby the shits, bloody hell!!

[mstriumph]

............ What happened to picking up the friggen phone and just talking or going out on a limb and organising a real BBQ with real food and real grog with your friends? .............

erm is that an invite to a real BBQ at YOUR place?





thought not!!


it's 'cause 'online' is the only place some relationships exist i guess

[T-Thunder13]

yeah well i got so many invitations to face book i had to try. and its all just a bunch of ego tripping shit, yea whos got the most friends. however since joining i have found it usefull for comunication with old friends scattered around the world. so im a sucker for it. and i now have 110 friends who ive never said more than two words two but added me to make up numbers

[mstriumph]

yeah

that's right! it's all crap!!!










erm - wanna add me?