I just returned from a crazy week of conferences in Silicon Valley. The two conferences I attended were buzzing with venture capitalists, Facebook developers, Facebook entrepreneurs and industry influentials. By the end of the trip I began thinking about the interesting dynamic currently taking place. Facebook, a company that brings in around $150 million a year in revenue, is receiving an insane amount of buzz from influentials in the industry.
Facebook stores all interactions taking place within their platform. Even when applications post variables, Facebook is monitoring them. Ultimately, Facebook would like to monitor all information moving across the “social graph.” One database containing all the communication information among people. This would be extremely valuable for any company and puts Facebook in a position of extreme power.
With all the hype, you would imagine Facebook to be as big as Google or Microsoft. Currently, Facebook is nowhere near the size of either but there is significant momentum. While you can’t protect people from voluntarily providing all their information should the influentials be encouraging it? Jason Calacanis seems to be one of the few that is questioning trusting Facebook with all this information.
It’s well known that Google wants to index all data that is humanly possible. This is why Facebook poses a significant threat to Google. The Valley seems to love it and given that their chatter is amplified worldwide, Facebook is beginning to go mainstream. Do you question any of the privacy and/or security issues related to Facebook?
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Facebook is an experiment in Branding ! Google is a fully functioning business ! Google provides a service ! Facebook with it’s current format imposes no threat to anyone ! The amount of revenue they generate is very small ! I applaud there efforts but they are not in the same position in any market as Google ! The spin they are applying now is semantic jazz! The real world is not drinling a soy milk latte in silicon valley !
Comment by marshal sandler — October 11, 2007 @ 4:53 am
Where did you get the $150 million in revenue figure from? I had heard that FB's revenue was significantly less than that.
Comment by Aaronontheweb — October 12, 2007 @ 11:31 am
It's pretty well known that the number is $150 million. Much of it comes from a multi-year Microsoft agreement that they previously signed.
Comment by Nick O'Neill — October 12, 2007 @ 11:33 am
Where did you get the $150 million in revenue figure from? I had heard that FB’s revenue was significantly less than that.
Comment by Aaronontheweb — October 12, 2007 @ 3:31 pm
It’s pretty well known that the number is $150 million. Much of it comes from a multi-year Microsoft agreement that they previously signed.
Comment by Nick O'Neill — October 12, 2007 @ 3:33 pm