46 posts tagged “web 2.0”
This is my last post on Vox. Today, I’m excited to launch SocializeMobilize.com.
On it, I’ll be publishing articles about social media, web 2.0, mobile,
and mobile and web convergence. You’ll also find all of the legacy
content from this Vox blog, which I started in 2006, in easily searchable format.
Why did I start a new blog when I already had one? Read about why I started SocializeMobilize and check out the features of my new Wordpress blog here.
- AOL:
- AOL announced its earnings this week. The most interesting part of the report: “Revenues decreased 17% ($207 million) to $1.0 billion, due to a 26% decline ($165 million) in Subscription revenues and a 6% decrease ($33 million) in Advertising revenues. The decline in Subscription revenues reflects mainly a decrease in domestic AOL brand subscribers, related primarily to AOL’s strategy to offer its e-mail and other products free of charge to Internet consumers. Driving the decrease in Advertising revenues were declines in display advertising on AOL Network sites and sales of advertising on third-party Internet sites, offset partially by an increase in paid-search advertising.”
- Apple:
- According to a recent report by SquareTrade, The iPhone is more reliable than Blackberry and Treo after one year of ownership. This doesn’t surprise me since there are less externally moving parts on the iPhone than a Blackberry or Treo. The study is summarized by MobileCrunch here.
- Facebook:
- Rumor has it… Will Facebook buy Twitter?
- Google:
- Google ends it’s Advertising Agreement with Yahoo because “government regulators and some advertisers continue to have concerns about the agreement”
- According to CrunchGear, Steve Ballmer says Google is behind the competition and is questioning Android’s financial strategy.
- Google patched the
- LinkedIn:
- According to an Anderson Analytics’ study, LinkedIn users are high income. You can see a good summary of the review here. Among the findings: LinkedIn users that make between $200,000 and $350,000 were around seven times to have more than 150 LinkedIn connections than those who made less money. 66% of LinkedIn users are identified as “decision makers”.
- TechCrunch reports that LinkedIn cut 10% of its staff, some of which will be re-assigned to other roles:
- MySpace:
- MySpace launched with Auditude, an online video tracking platform. Auditude fingerprints user posted videos to determine who the “content owner” is. It then inserts advertising into the video and tells the user whose content they’re watching.
- TechCrunch reports that less than 1 month after it’s launch, MySpace MyAds is making a load of money: “Demand for the product was immediate and significant, we’ve heard from multiple sources close to the company. Average daily revenue, say our sources, is $140,000 - $180,000, which means MyAds is at least a $50 million/year business for MySpace already.”
- Nokia:
- Nokia laid off around 600 workers in “follow-up” to its earlier 2008 layoffs. Nokia Research Center is also going to “sharpen its focus on fewer but stronger research areas.” You can read the announcement here.
- Nokia launched the beta of “FriendView”, “a location and micro-blogging service that helps you stay in touch with your close friends. It let’s you share where you are and how you feel from home, work, or on the go. With Friend View it is easy to meet up at only a moment’s notice. “
- RIM:
- CrunchGear reviewed the Blackberry Bold saying, “The Bold is unequivocally the best piece of hardware that RIM has ever put out.”
- Samsung:
- Samsung reportedly surpassed Motorola in US Mobile market.
- Twitter:
- Twitter is contemplating corporate accounts as a way to make money.
- Twitter is now hiring a Director of Strategic Partnerships. This is the company's first business development hire... At last, the answer to "How do those guys plan to make money?!" question will likely soon be answered.
- TechCrunch reports that “Digital Garage, Twitter’s partner with Twitter Japan, launched Twicco, a site that lets Twitter users create groups and then subscribe to them.”
- <Repeated from above> Rumors are swirling… Will Facebook buy Twitter?
- Yahoo:
- Flickr: The 3 Billionth photo was uploaded to Flickr this week.
- Misc:
- Rumor has it…
- <repeat from above> Rumors are swirling... Will Facebook buy Twitter?
- Recent Layoffs:
- <repeat from above> LinkedIn 10% layoff
- M&A:
- Wink & Reunion.com are merging and will launch a new site next year: “Through this merger, we're redefining the people search space by bridging existing social networks and providing consumers with the tools they need to find, be found, and stay connected," said Michael Tanne, chief executive officer of Wink. "We're aiming to create an entirely new online experience that simplifies people's lives by making it easy to find and keep up with everyone they know. There will be exciting developments in the coming months as we integrate our strengths and push our business forward."
- Technology announcements:
- PerfSpot: Perfspot will be rolling out “Friendvouch” to its 25M members in 3 million member segments over the coming months. Friendvouch enables users to sign up for advertising offers, which they can send to heir friends. When those friends indicate interest, Perfspot then sells those details back to advertisers and rewards the referring user. Here’s how the Friendvouch website describes it: “Make great recommendations and earn cash with friendvouch. friendvouch is a community of people created to connect you directly to your favorite brands. Become a brand ambassador while earning money in the process.”
- Barak Obama & Joe Biden: The office of the President Elect launched a transition website, where people can learn about what they’re planning. There’s a blog, newsroom, job application submission, agenda information, and more. Citizens are encouraged to submit their ideas to the future administration on all agenda items including technology.
- MobileCrunch did a nice summary of the “Mobile Market View” study by The Kelsey Group. The most interesting point from my perspective: “18.9% of mobile consumers in the United States are now toting smartphones, with 49.2% planning to pick one up within the next two years.”
- Though not released this week, I learned about the Pico Pocket Projector by Optoma, which is one of the coolest things I've seen in a while. For all of you mobile geeks, this pocket-sized projector seems to solve the problem of needing an Elmo to showcase the latest and greatest app on your phone AND makes it easy to project the videos you store on your ipod or mobile phone on a wall... Very cool.
Yelp burned a bridge with me this week, and I'm defecting to the Rummble beta. Rummble is London-based mobile + web 2.0 start-up that provides geographically relevant recommendations and reviews from likeminded people.
My frustration with Yelp started when I got an email from my dentists' office… Earlier this year, I wrote a glowing review of my dentists, a fantastic couple who took over the practice from my former dentist when he retired. Noticing that mine was the first Yelp review anyone had written of the new practice, I emailed my dentists to thank them for their great work and let them know about my review. They replied thanking me for my review. After my latest visit, I got an email from one of my dentists, checking in to make sure that I was happy because they noticed that my positive Yelp review was no longer posted on Yelp.com. I went online to look, and sure enough, while I could see the review on my page, it didn’t appear in the public view. There was only one other review listed – also a 5 star positive review.
Bewildered by why my review was removed, I re-posted it again, and it appeared in public view. I then emailed Yelp to ask what happened. In the note, I explained that I wasn't a spammer, but rather a social media blogger with a positive track record of contributing to online communities. I received the following response:
Hi Lisa,
Thanks for contacting Yelp about your reviews.
Yelp has a system that automatically determines which reviews show for a given business. Just as your Yahoo or Gmail email account doesn't deliver every email (spam, etc.), we don't show every review. This protects both business owners (by suppressing reviews that may have been written by a malicious competitor, for example) and consumers (by suppressing reviews that may have a definitive bias, having been written by owners or their friends). It's important to note that these reviews are not deleted (they are always shown on the user's public profile) and may reappear on the business-listing page in the future.
I wondered how my review could have been "automatically" removed by Yelp. I am not a spammer. I have only written a handful of carefully written Yelp reviews, and none of them feature spam-worthy words like "lumberjack", "rolex", or "viagra". If someone like me (thoughtful reviewer with a track record of social media involvement) was 'automatically' screened out by their system, I couldn’t help but wonder what sort of reviews I was missing out on when I used Yelp to discover new places. I was also frustrated because I took the time to write a review to help the 'Yelp' community, and yet, no one in the community could see it. The worst part is that I felt like my relationship with one of my favorite service providers was compromised by Yelp’s "automatic" screening system, when my dentist was left wondering whether I’d removed the review on purpose.
I wanted to keep liking and using Yelp, so I replied asking what would have 'flagged' my reviews to their spam filter. I asked if was possible to get my review re-instated to Yelp at large. Here’s their response:
Hi Lisa,
Thanks for taking the time to write us again.
While we can't evaluate individual cases or re-instate specific reviews, we certainly appreciate your feedback and are continually striving to improve the user experience.
We recognize that this explanation may prove frustrating, but we hope you understand that our efforts and actions are geared toward increasing the overall trustworthiness of Yelp as a place for people to share local knowledge.
Thanks again for caring enough to contact us and for trying to make Yelp better for everyone.
I was disappointed by Yelp’s refusal to evaluate individual cases or explain their filtering criteria. Yelp acknowledged using an unreliable system to screen out ‘spam’. Yet, they wouldn’t explain how their filtering ‘system’ worked. At the end of the day, I was more annoyed by Yelp’s explanation than their removal of my review.
Isn’t the whole point of an online community to allow every user to provide their input and have others flag abuses of the system?! Wikipedia has a vibrant community and manages to keep its users relatively honest through community policing.
Reading Yelp’s response, I couldn’t help but imagine the customer service agent shrugging her shoulders, sticking out her tongue and making a facetious "I dunno" face. The image inspired me to do a little research about other’s experiences with Yelp. So, I Googled “Yelp complaints” to see what came up. Here are a couple of interesting articles on the subject:
- On September 19, 2008, CBS 5 reported, “Business Owners Raise More Complaints About Yelp”
- On August 13, 2008, The Register wrote, "Yelp 'Pay to Play' Pitch Makes Shops Scream for Help" claiming, "Over the last year, five San Francisco Bay Area businesses have told The Register that the company has offered to "push bad reviews to the bottom" of their Yelp pages if they paid to advertise on the site."
- In July, 2008, TechCrunch wrote, “Angry Businesses Organize Anti-Yelp Websites. This Is A Sure Sign Of Their Success”:
Yelp CEO Jeremy Stoppelman said recently in the NY Times, “We put the community first, the consumer second and businesses third.” Their goal is clearly to make businesses need Yelp, but not to expect a lot of help when it comes to disputes. Complain all you want, you’re just proving that you need Yelp more than they need you.
My recent experience makes me doubt Yelp's assertion that it puts community first. Until I have a reason to change my mind, I’m boycotting Yelp. Instead, I’ll be using Rummble, and encouraging others to turn it into a vibrant and unfettered online community that allows users to share geographically relevant recommendations from likeminded people. One of the coolest parts is that it allows you to get not only local recommendations but national and international recommendations from your network - a useful bonus for frequent travellers. If you want to join in, add me as a friend on Rummble (username: "socialmedia", email: socialmediablog@gmail.com).
I'm curious to hear about your experiences with Yelp. If you're not a Vox member, feel free to email me your comments, and I'll post them manually.
Last year, I wrote a post with predictions for mobile in 2007 and beyond, using inCode's "Top 10 Global Wireless Predictions for 2007"
as a starting point. We're almost 2 months into 2008, and it's the perfect time to re-visit those predictions to see what came true, and make a few more predictions for 2008 and beyond.
Topping both InCode's and my own predictions for 2007 was the mobilization of social networks. To date, while social networks aren't nearly as mobile as I'd like, they're taking big strides and moving in the right direction. In October 2007, Dustin Moskovitz (co-founder of Facebook) spoke at CTIA in San Francisco on the importance of mobilizing social applications and announced Facebook's first mobile application (for RIM). And, in one of the most exciting things to happen since I started blogging, Dustin Moskovitz read my post expressing disappointment about Facebook's mobile announcement and solicited my input on how to improve Facebook's mobile strategy and WAP site.
In other exciting mobile social networking news in 2007, ShoZu (one of my consulting clients), who makes it easy for users to interact with their favorite social networking sites from their phone, was nominated for a TechCrunch Crunchies Award. And, in early 2008, ShoZu announced that ShoZu will ship on 50 Million Mobile phones in 2008, the number of users downloading the app from non-pre-installed phones is doubling quarterly, and 100,000 users are registering for ShoZu every month! With stats like that, it's clear that mobile OEMs and Operators are buying into the mobile social networking proposition, and users are embracing mobile social networking in droves. Mobile social networking on the whole will continue to increase in popularity in 2008, and mobile accessibility will improve dramatically, as mobile browsers and social media apps get better.
inCode also predicted that in 2007, "Multi-Function Devices [will] Become Cheaper and More Versatile" - including the introduction of video-capable, GPS-enabled, and LBS-capable devices to the masses. Video-capable devices are definitely here to stay. GPS-enabled devices haven't saturated the market, but LBS is taking off. Google Maps recently incorporated LBS via network triangulation, and while triangulation isn't nearly as accurate as GPS, it's still very useful. It's great to see carriers like AT&T opening up triangulation to allow mobile internet technologies to leverage LBS.
A year ago, I predicted that in 2008, "large mobile operators and OEMs will begin to pre-load devices with social networking-focused applications that incorporate GPS." It seems that mobile operators are moving in the right direction, based on several new product announcements at the World Mobile Congress in Barcelona earlier this month. OEMs like Nokia and Sony Eriksson are jumping on the GPS bandwagon in 2008 with innovative handsets with built-in GPS and designs that rival the iPhone. Once GPS technology is more readily available on slimmer handsets, the influx of GPS-enabled social applications will come. By 2009, interacting with friends from your mobile phone and locating people near you so that you can interact with them in real life will get easier thanks to new GPS enabled handsets and apps.
Last year, I also predicted: "collaborative and community-based entertainment like YouTube
on the go will evolve and continue to be popular. I also expect that
sites that monetize video footage (of, say, news events) that users
take on their mobile phones will become increasingly popular....Think
sites like: ScoopLive.com
, Scoopt.com
, and SpyMedia.com
." So far, I've been right on YouTube, but monetization from video is still a long way off. Check out the lack of traffic on the above sites according to Alexa!:
Given the current economic downturn in the US, I don't suspect we'll see much movement in the paid-for citizen journalism space until 2009. And, by that point, there will probably be a whole new set of competitors. More likely, I suspect we'll see Video AdSense from Google (just released from beta) and similar video ad platforms make their way towards mobile and start picking up momentum towards the end of the year and into 2009 as mobile advertising revs up.
With an increased amount of mobile content becoming available and more ISVs and websites trying to monetize their mobile efforts through advertising, the discoverability of mobile content needs to improve. So, I'm sticking with my original prediction from 2007 that later in 2008, mobile search and mobile SEO will gain momentum. Mobile ads will gain some momentum later this year but won't likely take off until 2009. By that point, there will be a need to track the effectiveness of mobile ads, and by 2009, I suspect we'll see an increase number of mobile analytics vendors like Bango and Mobilytics emerge. From there, it's only a matter of time before the heavy hitters in website optimization and testing incorporate mobile website testing and optimization tools into their product suites.
It's an exciting time to be in both mobile and web 2.0, and 2008 and 2009 will be exciting years for both industries as convergence moves further away from a dream and towards a reality.
Today is an exciting day for my client, ShoZu, who closed $12 Million in Series C funding in a round led by SEB Venture
Capital in London. ShoZu makes uploading/downloading content to/from your favorite social networking sites very easy, and usership is growing rapidly amont those downloading the app from their mobile browsers (m.shozu.com). Plus, ShoZu is being pre-loaded on over 50 million mobile phones in 2008! Here's a copy of the release:
ShoZu Raises $12 Million in Series C Funding;
Round Led by New Investor SEB Venture Capital, London
Mobile Social
Media Company Now Attracting Over 100,000 New Users Monthly
LONDON
– January 28, 2008 – ShoZu Inc., the leading provider of
mobile social media services for exchanging content between mobile phones
and Web-based social media sites, today announced the closing of a $12
million Series C round of financing led by new investor SEB Venture
Capital, London, the UK-based venture capital arm of Swedish financial
services firm Skandinaviska Enskilda Banken. Previous investors
Atlas Venture, Crescendo Ventures and TTP Ventures also participated.
The new cash commitment reflects
ShoZu’s growing market traction in the highly competitive mobile social
media sector. The ShoZu application will ship pre-installed on
more than 50 million mobile phones in 2008. In addition, the number
of users downloading the ShoZu client to non-preloaded handsets is more
than doubling every quarter, with more than 100,000 users currently
registering every month.
“ShoZu is the only mobile
social media company that has secured global pre-installation agreements
with multiple handset manufacturers. That fact alone positions
the firm for substantial growth,” said Frank Kelcz, an investment
manager with SEB Venture Capital’s London office who has joined ShoZu’s
board of directors. “Demand for Mobile-to-Web enabling technology
is being driven by a variety of factors, including the need to stay
connected with online social media like Flickr and Facebook on the go,
and ShoZu has the opportunity as well as the initial market presence
to dominate the space.”
“The industry is still grappling
with solving the usability problems of the mobile Web, from navigation
to dropped connections,” said ShoZu CEO Mark Bole. “ShoZu is addressing
many of these challenges with its approach to simplifying the user experience,
exchanging content in the background, and providing an open gateway
that offers a shortcut to key destinations. Strategies like these
may be the answer to mobilising social media in the short term and also
help define the shape of the mobile Internet moving forward.”
Over the past year, ShoZu logged
a series of successes in establishing its service as the industry standard
in mobile social media connectivity. Achievements in 2007 included
securing global pre-installation agreements with Motorola and Samsung,
creating the first unlimited-use ShoZu access package through a carrier
partnership, expanding its Web 2.0 partner ecosystem to a market-leading
30 sites, and introducing the market’s first two-way multimedia social
media capability with a service that will send friends’ latest Flickr
photos directly to the handset on request.
Also in 2007, the company added
to its collection of major industry awards with the top 3GSM award for
Most Innovative Mobile Application, a 2007 MEFFY Award from the Mobile
Entertainment Forum for best handset application, and a 2007 Ultimate
Innovator Award from the Interactive Advertising Bureau for its mobile
advertising platform.
These developments coincide
with growing consumer demand for mobile connectivity to social networks
and other online communities. A recent Juniper Research report
predicted that the number of users accessing social networking sites
by mobile will skyrocket from 14 million in 2007 to nearly 600 million
by 2012, helping to push mobile operator revenues from user-generated
content from $576 million to $5.74 billion.
ShoZu’s Share-It service
enables mobile users to maintain contact with their Web-based social
networks, personal blogs, photo/video sharing sites and other social
media with a few clicks. Users can publish photos and video clips
up to 10 minutes in length from their phones to favorite Web 2.0 sites
without complex navigation, transmit photos at full or blog-quality
resolution, exchange comments with friends, and sign up to receive friends’
photos and other multimedia files on their handsets automatically with
no manual intervention. These and other capabilities are unique
to ShoZu.
The ShoZu application is currently
available on 317 handset models with users in over 100 countries.
About ShoZu
ShoZu is the leading provider
of mobile social media services that connect mobile consumers with their
online social networks, personal blogs, photo storage sites and other
Web 2.0 properties from the handset. The company’s patented
technology provides fast, easy, one-click uploads of photos and video
clips from the mobile to the Web, full-resolution photo and video delivery
without compression, an emerging suite of services that push content
to the phone, the ability to work in the background even if a connection
is dropped, and other unique features that simplify and enhance the
user experience, plus a mobile advertising service that provides non-intrusive
and behaviorally targeted ad delivery. The company was founded
in 2000 and has formed partnerships with some of the leading players
in the mobile ecosystem, including Motorola and Samsung. For more
information, visit www.ShoZu.com/AboutUs.
About SEB Venture Capital
SEB VC is the venture capital arm of SEB, a leading Nordic financial
institution. SEB VC has 280 M€ under management in an evergreen fund
structure, focusing on early stage and expansion investments in life
science, media and technology, and industrial growth. The firm’s 22
seasoned professionals have made more than 70 investments and 34 exits
since the fund’s inception in 1995. Offices are located in Stockholm,
London, Vilnius, Gothenburg and Malmö.
Tomorrow marks the 1 year anniversary of the publication of one of my most popular posts to date: "Using Social Media to Sell Products to Kids...Interesting but Potentially Dangerous." In that post, I talk at length about how toy manufacturer Ganz is using the internet and social networking principles to market and promote its very popular Webkinz toys to 6-11 year old children. I expressed concern that the FTC and Children's Online Privacy Protection Act (COPPA) aren't enough to protect kids:
Companies are marketing to children, soliciting information from them on-line, and asking them to read legal agreements, which are beyond their level of comprehension. It is difficult for parents to watch out for their kids in situations like this. If a kid thinks it is okay to input their information onto, say, the Webkinz’s site without parental permission, what is to say that same child won’t think it is just as okay to give that information to a stranger via another website? Nothing, unless their parents are involved.
In response to that article, I've gotten dozens of emails and a handful of comments from parents, internet professionals, teachers, and others, all of whom agreed with the concerns I raised. I was also pinged by a nationally syndicated TV morning show who was thinking of doing a story on the topic. And despite all of this 'concern', in February of last year, The Toy Industry Association awarded Webkinz the "Specialty Toy of the Year 2007," and Webkinz and Lil'Kinz (another Ganz toy) are still hugely popular (and now collectible). In fact, as recently as January 8, 2008, a retired Webkinz "Cheeky Dog" sold on eBay for $735!
Today, I received a "comment" on my original post from a divorced dad of four who expressed concern that his ex-wife is using Webkinz to "babysit" their eight year old. "Hank," who works with computers and the internet for a living, defines his eight year old as a "Webkinz Addict." His son has lost interest in "normal" kid activities (Boy Scouts, Little League, etc.) in favor of playing entirely with his 55 Webkinz toys, a trend which is "encouraged" by his mother:
This past Christmas, [my ex-wife] "promoted" that all should buy a specific Webkin to assure no duplicates! In gross dollars, the child received over $700 worth of Webkins, less than $40 worth of other toys and less than $50 worth of clothing!
How does Hank know how much his eight year old's other presents cost? It sounds like Hank was the only family member that bought his son something besides Webkinz for Christmas. I encourage you to read Hank's comment in its entirety. It's both frightening and sad. It also re-emphasizes the importance of good parenting and the need for every parent to understand the potential dangers of the internet and toys that encourage their young kids to use it.
Hank's comment also re-emphasized my believe that the Children's Online Privacy Protection Act (COPPA) doesn't do enough to protect young kids whose parents don't know how to protect them from the internet. It's easy enough to point the finger at parents to say that they're at fault for exposing their kids to the net, but it's also not entirely fair. Most parents don't understand the dangers of the internet as well as they should, and the landscape is constantly evolving, which makes it hard for them to 'keep up'. Most parents think that the 'danger' is in their kids stumbling across porn or sexual predators on-line, but internet marketing should be a concern as well, especially since children under 13 are extremely vulnerable to suggestion.
The Webkinz website describes the toys as:
Parents must see the Webkinz marketing copy and think they're getting their kids a great educational toy. And yet, after listening to the explanatory 'tour' on the Webkinz site, I can't help but think that that the Webkinz proposition encourages an unhealthy level of consumerism and the kind of compulsive behavior exhibited in gambling and/or shopping addiction.lovable plush pets that each come with a unique Secret Code. With it, you enter Webkinz World where you care for your virtual pet, answer trivia, earn KinzCash, and play the best kids games on the net!
Kids are encouraged to make "Kinz Cash" by playing games in an 'arcade' and entering 'contests'. They can use this cash to 'decorate' their Webkinz's virtual room. If they don't take care of their Webkinz by going back to the site ton a daily basis, the "health" of the Webkinz will deteriorate. Kids are encouraged to 'chat' with their real-life friends' Webkinz on the forum and to buy more Webkinz so that they can have more fun on the site ("Collect them all!" says the tour). Given what a time suck the Webkinz site appears to be, I can't imagine any parent having enough hours in a day to supervise their child 100% of the time on the site and still have the child complete all of the tasks/ things that there are to do on Webkinz. More likely, parents are, as Hank describes it, using Webkinz's website as a babysitter, while they do other things around the house, assuming that the site is an 'educational' tool and perfectly harmless to their child's well being.
Looking at the list of symptoms for "Pathological Gambling" as defined by the American Psychiatric Association (APA) in conjunction with listening to the 'sales pitch' on the Webkinz site, I can't help but think that would be easy for a child to develop a Webkinz addiction like the one Hank described. The APA says that having 5 or more of the following symptoms constitutes having a gambling problem:
- Preoccupation with gambling-related thoughts, plans or activities;
- Needing to gamble with increased sums to produce the desired excitement;
- Restlessness or irritability when attempting to cut down or stop gambling;
- Gambling to escape from problems or relieve an undesired mood such as helplessness, guilt, anxiety or depression;
- After losing money gambling, often returning to try to win it back (chasing losses);
- Lying to conceal gambling activities or consequences;
- Committing illegal acts to finance gambling;
- Jeopardizing or losing a significant relationship, job, educational or career opportunity because of gambling;
- Relying on a “bailout” (money from others to relieve a desperate gambling-related financial situation);
- Having made repeated unsuccessful attempts to control, cut back or stop gambling.
By supplying a unique cocktail of arcade games, necessary dependency on the site (your Webkinz will suffer if you don't take care of it daily by visiting the website), and ways to earn and spend cash, I wonder if the Webkinz site and product philosophy have the potential to encourage a child (like Hank's son) to rack up 5 or more of the above symptoms (or variations of them). I don't have the same concern for 13 year old + focused social sites like Facebook and MySpace because:
- A user's online experience doesn't deteriorate if s/he doesn't check into the site on a daily basis.
- Users aren't required to earn money in a fake currency to purchase things on the site (though apps like AceBucks give users the option of earning/spending fake currency).
- The point of these sites isn't to play games (though users can do that). It's to stay in touch with friends.
- These sites are "free" and supported by advertising, which I'd hope 13+ year olds have at least some cognitive ability to filter.
Thinking about WebKinz reminds me of the Joe Camel debate of the early 90s* Just because something looks like it should be for kids, doesn't mean that it's good for kids. In the constantly evolving world of social media and online marketing,
it's tough for the average parent to tell the difference. There's a fine line between teaching kids about the internet in a safe way, coddling them/ being over-protective, and exposing them to things online that could be harmful. I'd love to hear what a child psychologist with a strong knowledge of web 2.0 thinks about Webkinz.
*According to Wikipedia: "Joe Camel was a controversial cartoon camel that primarily appeared in
advertisements for Camel, but also appeared on "Camel Cash" and a
number of origami Pop-up print ads. Joe Camel came under scrutiny as
some considered use of the character to be advertising directed at
children."
If you like my blog, this video will make you laugh, cry, or both!
At the end of November, I published a Dear Abby-esque post on Plaxo Pulse. In it, my friend, Paul emailed me to get my opinion on Plaxo Pulse, and I didn't have many (okay, ANY) positive things to say about it. So, it was with great amusement that I read Michael Arrington's post on TechCrunch this morning - Plaxo Flubs It.
I'm all for companies that creative to solve challenges, but not when they infringe on the privacy of others or the terms of use that other companies put in place to protect their users/customers. I'm continually amazed by how many people and companies (especially in the world of web 2.0) are willing to cast ethics and good sense to the side to benefit themselves in the short term.
Wouldn't it be great if instead of letting rogue product managers run wild finding ways to benefit their customers to the detriment of innocent bystanders, more web 2.0 execs started standing up for what the internet should be about - making the world a better place?! As those first Google employees used to say,"Don't be evil."
Today, Reuters published an interesting article "Social Network Sites Tempt Investors" talking about the liklihood of a flury of social networking IPOs. The article is well worth a read for all of you social media fans out there. According to the article, so called "Wall Street observers" believe that United Online Inc.'s recent registration for an IPO of its Classmates Media Corp. arm (i.e. Classmates.com) will "test the IPO waters" for other social networking sites like Facebook and LinkedIn.
While I believe that the remainder of 2007 and early 2008 will bring more social networking IPOs than we've seen so far (not many), I don't believe that Classmates.com will be an accurate indicator of the success of future social networking IPOs. Even if Classmates.com's IPO bombs, Facebook, LinkedIn IPO, and Bebo IPO have a strong liklihood of being successful IPOs. To have a solid IPO, a social networking company will have to do more than just link people socially. It will need to be a platform for relevancy, discovery, sharing, and search.
When Google IPOed, it was successful, not just because it enabled search, but it provided a platform that wove together search, information, email, and more with relevant and targeted advertising. Facebook will succeed with an IPO not because it is a social networking site but because it is a social networking platform that allows 3rd party developers to plug-in and users to benefit. In other words, it is, in effect, a social media operating system. LinkedIn and Bebo will have successful IPOs if they continue to grow their user base, expand their platform capabilities, and quickly develop a useful API for 3rd party developers. However, to be clear, it will take a lot of effort, great skills, good timing, (and, perhaps, a miracle) for either Bebo or LinkedIn to have a more successful IPO than Facebook.
By engaging 3rd party developers so early, Facebook gained a clear lead over the competition, which will be hard for competitors to surpass. By creating a social networking operating system, which allows entreprenurial developers to plug in, contribute to, and profit from a wider economy, Facebook has peaked the interests of investors - not only as a company in which to invest but as an economy in which to invest. As I mentioned in my last post, VCs are expressing a strong interest in the players within the facebook 3rd party developer economy, and is easy to see why. Facebook is creating a social media operating system that has the potential to revolutionize the web by changing the way people find and interact with content and applications.
Yesterday, Robert Scoble posted an interesting video trilogy on his blog in which he predicts that if they work together, Facebook, Mahalo, and Techmeme will trounce Google in 4 years by providing superior SEO-free, reduced-noise, social search that does more than Google. While I'd be seriously surprised if Google didn't have something up its sleeve to compete with the vision Scoble outlines and I don't think we'll see the end of SEO, I do think Scoble makes some good points in his vlogs. His musings on the topic of social networking, social media, and search highlight a growing interest in social networking as a space and its potential to change the way we surf the net.
There is nothing more attractive to investors than strong possibilities and good ideas, and it's clear in the quickly growing and evolving space of social networking, there is a high concentration of both. Which social networking companies will choose to ride the wave with an IPO remains to be seen, but I'm betting with Reuters in thinking the numbers will increase very soon.
Note: I'm not an investment advisor, and my blog posts do not constitute financial advice.