The future of Facebook

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Left Turn Left Turn's picture
The future of Facebook

[url=http://tech.blorge.com/Structure:%20/2008/11/01/would-you-pay-to-use-fac... yo pay to use Facebook?[/url]

Quote:
Last month saw Mark Zuckerberg, CEO and founder of Facebook declare that the primary goal of the site was growth, not revenue. Furthermore, it will be years until the site needs to really start putting a revenue model together.

But, the economy is on the slide, and advertising rates are going
down as a result, so maybe Facebook needs to start thinking about
monetization plans outside of just littering the site with adverts? In
which case, could a subscription model be the way forward?

...

Quote:
A subscription based model is of course pure speculation at this point
in time, but I wouldn’t rule it out happening in the future, especially
if the number-crunching detailed at TechCrunch
proves accurate. If it ever did happen though, Facebook would lose me,
and everyone else I’ve asked whether they’d pay to use the site or not.

 

[url=http://www.techcrunch.com/2008/10/31/facebooks-growing-problem/]Facebook May Be Growing Too Fast. And Hitting The Capital Markets Again.[/url]

Quote:
There’s no doubt that Facebook is growing at a breathtaking pace. A
year ago, according to Comscore, they had just 74 million unique
monthly visitors and 35 billion page views. Today those numbers have
grown by 118% and 74%, respectively, to 161 million unique visitors and
61 billion page views per month.

 

I likely would not pay to use Facebook. If, at some point in the future, Facebook becomes a paid-access site, I likely would not be on facebook anymore. In some ways it wouldn't be a huge loss, but in other ways it would be. I use Facebook as one of my primary means of finding out about left events in Vancouver. Some events I only find out about because someone invites me over facebook. There are other ways of finding out about left events in Vancouver, other than Facebook, but Facebook is the most convenient.

Michelle

There's no way I'd pay to use Facebook.  I use it now a lot, but I wouldn't bother if I had to pay.

Stargazer

Not a chance I'd give money to use Facebook. Ever.

Lard Tunderin Jeezus Lard Tunderin Jeezus's picture

I might, perhaps, consider Facebook as a subscription service -  if the fee was reasonable, AND they offered my complete privacy in the stead of their ability to profile me and sell the data. 

jrose

My first reaction was "Hell, no!" and I hope it doesn't get to the point where I have to make the decision. I have my issues with Facebook, but I do use it a lot to keep in touch with people from all over the place, and it allows me to stay connected in ways that I otherwise couldn't. First reaction -- absolutely not, but maybe, just maybe, if the price was very low I might stay on, but I think so many users would end up leaving Facebook and returning to other social networking sites, like MySpace and Twitter, that Facebook would lose an astounding number of users.

Polly B Polly B's picture

I think if it was reasonable I would stay on.  I have found and kept in touch with so many people that I otherwise wouldn't.  And for keeping track of the teens it's great, I don't think they realize that those crazy party pics that buddy took on Friday night are going to end up on Mom's feed by Monday, complete with comments and plans for the next bash.

"So, how was the sleepover?  Get that big project done for socials?" 

 

(Why did you have a bucket on your head???)

 

The preceding was a true story about my 16 year old.  Busted.  Tongue out

genstrike

If facebook makes people pay, they will lose so many subscribers that it will be the end of facebook.

Michelle

Yeah, you won't be finding many people any longer, because it will discourage newbies from signing up - and a lot of your current "friends" on Facebook will likely not bother keeping their account either.

If they were smart, they'd do what LiveJournal did, and go the extra features for subscribers and free basic accounts route.  Everything currently on Facebook stays free, and they add new and interesting features for paid accounts.

old_bolshie

Anyone giving up that much personal info on the net is opening themself up for some true misery down the road.

 

Yes it's handy for some things but having been victimised by a stalker in the past there is no way in 40,000 hells I'd go near Facebook-too many weirdos in the world all of them with an internet conection.

Stargazer

You are completely right. Too much information, and an unsecured profile = bad bad things. Insurance companies, corporations, the police...all use facebook to try to gather evidence on people. Don't be silly and just lock your profile down as tight as possible.

Unbiased

Perhaps someone can find the old thread on facebook regarding its divulging of personal info. I tried and I couldn't so I am posting this link here.

http://tiny.cc/eqIlh

 

"An Ontario judge has ordered a man who is suing someone over injuries sustained in an auto accident to answer questions about his private Facebook content."

Lock up those facebooks folks. Nothing is sacred. 

Stargazer

Thanks Unbiased. I was going to post that up a couple days ago. Scary article.

Michelle

Yup.  No one sees my Facebook profile unless I've met them in real life and know who they are.  I know people who use Facebook to network or for publicity for their projects, so they accept any and all people who friend them.  Not me.  Not something that has my real name and pictures of my family and all that.

I used to not even make my profile picture public on searches.  I've relaxed a bit on that, but there are times when I think I should change it back to private.

Michelle

By the way, in this case that Unbiased posted, this was a case of a court demanding to see someone's PRIVATE profile.  This would be no different than the court demanding to see your photo albums, your diary, your laptop hard drive, or to cross-examine your friends.  There's a lot of things you can pin on Facebook when it comes to privacy issues, but I don't think this is one of them.

 

Stargazer

I agree Michelle, and had the same debate last evening with a friend. I am sure this will end up in an Appeal Court. Can you imagine the damage to facebook this will do if not appealed? Already employers, insurance agencies, the police etc. have access to most profiles and people's personal information. If this isn't appealed Facebook will lose a lot of people.

Boom Boom Boom Boom's picture

Michelle wrote:

By the way, in this case that Unbiased posted, this was a case of a court demanding to see someone's PRIVATE profile.  This would be no different than the court demanding to see your photo albums, your diary, your laptop hard drive, or to cross-examine your friends.  There's a lot of things you can pin on Facebook when it comes to privacy issues, but I don't think this is one of them.

Exactly. Before Facebook, defense attorneys, in addition to looking at all the items listed above, could also hire a private investigator to follow the person around and see if indeed that person could not enjoy all the former activities that compensation is being asked for. Facebook and other social networking sites are likely going to be the first place trial attorneys look at, in some instances. If you're in a situation where stuff you post on Facebook could be used against you, then don't post it in the first place. Let the lawyers work for their income. Wink

Catchfire Catchfire's picture

I couldn't find a more recent general facebook thread, but this one will do in a pinch.

Facebook privacy policy from 2005 to 2010.

NDPP

Facebook: You Are The Product   -    by John Lanchester

https://t.co/7RXmcujr6I

"Even more than it is in the advertising business, Facebook is in the surveillance business. Facebook, in fact, is the biggest surveillance-based enterprise in the history of mankind..."

Michael Moriarity Michael Moriarity's picture

The Onion News Network had this story years and years ago. Yawn.

NDPP

The LRB piece is considerably better than your old Onion. Yawn.

NDPP

Facebook Claims 'Russian' Nonsense To Distract From Its Fraudulent Ad Sales

https://t.co/bMgRRpuJG8

NDPP

Facebook's Latest Privacy Scandal Sends Stock Into Downward Spiral (and vid)

http://www.cbc.ca/news/thenational/facebook-s-latest-privacy-scandal-sen...

"It's the latest fallout from a controversy involving Cambridge Analytics, a company that reportedly bought data obtained by FB and used it to create voter profiles which were reportedly shared with the Trump and pro-Brexit campaigns."

 

Canadian At Centre of FB Scandal Cut Teeth With Liberals (and vid)

http://www.cbc.ca/news/politics/christopher-wylie-canada-libeals-cambrid...

"It was a grossly unethical experiment because you are playing with an entire country, the psychology of an entire country, without their consent or awareness.'...

When he was 18 years old, the newspaper said he learned all about data while working for officials on former US President Barack Obama's campaign team, and later introduced one director to the Liberals..."

 

Facebook Scandal Widens (and vid)

https://twitter.com/wikileaks/status/975863243263508480

"Obama campaign's Carol Davidsen admits Democrats sucked out 'the entire social network of the US', kept the data and still have it."

NDPP

"...Or as Wylie describes it, he was the gay Canadian vegan who somehow ended up creating 'Steve Bannon's psychological warfare mindfuck tool."

https://www.theguardian.com/news/2018/mar/17/data-war-whistleblower-chri...

And is not a Russian hacker...

josh

Mark Zuckerberg and Facebook Under Fire From Politicians Over Data Breach Controversy

http://ktla.com/2018/03/18/mark-zuckerberg-and-facebook-under-fire-from-politicians-over-data-breach-controversy/

NDPP

Facebook Is A 'Surveillance Company' Rebranded as 'Social Media'

https://tribune.com.pk/story/1664224/9-facebook-surveillance-company-reb...

"Businesses that make money by collecting and selling detailed records of private lives were once plainly described as 'surveillance companies'. Their rebranding as 'social media' is the most successful deception since the Department of War became the Department of Defense." - Edward Snowden

'There's a sucker born every minute.' PT Barnum

6079_Smith_W

NDPP wrote:

"...Or as Wylie describes it, he was the gay Canadian vegan who somehow ended up creating 'Steve Bannon's psychological warfare mindfuck tool."

https://www.theguardian.com/news/2018/mar/17/data-war-whistleblower-chri...

And is not a Russian hacker...

Of course Cambridge Analytica wasn't a Russian organization, and not all parties working to influence the election were Russian either. No one said they were. But in this case there was a connection:

Aleksandr Kogan, the Cambridge University academic who orchestrated the harvesting of Facebook data, had previously unreported ties to a Russian university, including a teaching position and grants for research into the social media network, the Observer has discovered. Cambridge Analytica, the data firm he worked with – which funded the project to turn tens of millions of Facebook profiles into a unique political weapon – also attracted interest from a key Russian firm with links to the Kremlin.

https://www.theguardian.com/news/2018/mar/17/cambridge-academic-trawling...

As for Wylie, he left the company before the Trump project.

https://www.theglobeandmail.com/canada/article-who-is-christopher-wylie-...

NDPP

"Alex Kogan told the Observer: 'Nothing I did on the Russia project was at all related to Cambridge Analytica in any way. No data or models..." - The Guardian 

NDPP

British MPs Seek To Summon Facebook's Zuckerburg For Questioning over Data Scandal

https://on.rt.com/91h8

...The committee's summons follows a taxpayer-funded trip to the US in February where they heard from representatives of Google, YouTube, Twitter, CBS News, CNN International and the New Media Alliance. The committee was told by the companies respective representatives that there was little or no evidence of their platforms effecting the outcome of Brexit or the US presidential election.

NorthReport

No one is perfect but she has been pretty much dead on for a long time now.

https://twitter.com/LouiseMensch?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%...

NorthReport

- from John Schindler

Facebook Forces NYT to Quietly Delete Unflattering Reference to Sheryl Sandberg

https://lawandcrime.com/exclusive/facebook-forces-nyt-to-quietly-delete-...

NorthReport

I think the party could be over - how do you short Facebook stock!!!

Cambridge Analytica: Facebook row firm boss suspended

http://www.bbc.com/news/uk-43480048

NorthReport

Facebook shares slip as scrutiny continues

http://www.bbc.com/news/business-43478152

NDPP

NorthReport wrote:

No one is perfect but she has been pretty much dead on for a long time now.

https://twitter.com/LouiseMensch?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%...

NDPP wrote:

LOL. 'Russia funded riots in Ferguson.' Who knew!? (Louise is a loon)

https://www.vox.com/world/2017/5/19/15561842/trump-russia-louise-mensch

WWWTT

Got rid of my Facebook account a few years ago. Just didn’t feel right contributing to something that has allowed a person accumulate so much wealth. 

Mr. Magoo Mr. Magoo's picture

Quote:
Just didn’t feel right contributing to something that has allowed a person accumulate so much wealth.

Which flavour of Linux do you use then?

NDPP

May Ambushed in Parliament Over Tories Extensive Links to Shady Research Firm Cambridge Analytica (and vid)

https://on.rt.com/91kj

"Channel 4 News' expose came 2 days after The Observer reported that Cambridge Analytica had authorized access to millions of FB profiles in one of the social media network's biggest ever data breaches..."

SCL - A Very British Coup

http://belladonia.org.uk/2018/03/20/scl-a-very-british-coup/

Liam O Hare on the deep connections between Cambridge Analytica's parent company, Strategic Communications Laboratories (SCL Group) and the Conservative Party and military establishment. 'Board members include an array of Lords, Tory donors, ex-British army officers and defense contractors. This is a scandal that cuts to the heart of the British establishment..."

Michael Moriarity Michael Moriarity's picture

NDPP wrote:

SCL - A Very British Coup

http://belladonia.org.uk/2018/03/20/scl-a-very-british-coup/

Liam O Hare on the deep connections between Cambridge Analytica's parent company, Strategic Communications Laboratories (SCL Group) and the Conservative Party and military establishment. 'Board members include an array of Lords, Tory donors, ex-British army officers and defense contractors. This is a scandal that cuts to the heart of the British establishment..."

Interesting article, but your link is bad. Here is one that works.

 

NDPP

Thanks Michael.

WWWTT

Mr. Magoo wrote:

Quote:
Just didn’t feel right contributing to something that has allowed a person accumulate so much wealth.

Which flavour of Linux do you use then?

I'm just starting to cut back on contributing to multi billionaires. Facebook was a easy one that didn't cost me a penny. Also, the market is rigged by the elite, so there you go. Still got a long way to go captain obvious!

Mr. Magoo Mr. Magoo's picture

Quote:
Facebook was a easy one that didn't cost me a penny.

Linux won't cost you a penny either.  In fact, unlike not having a FB account, it will literally SAVE you money that you don't need to give to Apple or Microsoft.

I'm not one of those weird Linux evangelists, BTW.  It just seems to me that if you can't have a Facebook account because it gives aid and succour to a rich guy, then I don't know how you Google, read tweets, use PayPal, or Instagram or Gmail or pretty much most of the web.

If you're really serious about this, though, and you want to keep in touch with all of friends and suchlike (but cannot abide paying for the avocado on Mark Zuckerberg's toast) there's always Diaspora.

NDPP

How To Delete Your Facebook Account Permanently

http://www.trustedreviews.com/how-to-delete-your-facebook-account-2950145

progressive17 progressive17's picture

NorthReport wrote:

I think the party could be over - how do you short Facebook stock!

1. Read the basic FAQs at the CBOT, explaining how puts and calls work.
2. Convince your brokerage that you know enough about 1.) that they let you participate in the options markets in Chicago and Montreal. If they do, you should also get real-time quotes.
3. Buy puts on the stocks you want to short.
4. Be very careful. Options can expire, leaving you with nothing. Still, your potential for loss is only limited to your bet.
5. Selling stocks short is much riskier. You could bet $10,000 on selling short, and wind up losing $250,000 if it goes the wrong way. To be able to sell stocks short, you have to have a pristine credit rating with your brokerage. 

However I think the money has been made on going against Facebook. Especially if you are talking about it here, I am afraid to say.

NDPP

"Late stage capitalism has transformed our human social interactions into the private property of a handful of billionaires. But democratic management of private property is socialism, and we can't have that. Or can we?"

https://blackagendareport.com/liberal-ire-trump-and-cambridge-analytica-...

NorthReport
NorthReport

Thanks pro17

NorthReport
NDPP

The Cambridge Analytica Con

https://thebaffler.com/latest/cambridge-analytica-con-levine

"What Cambridge Analytica is accused of doing - siphoning people's data, compiling profiles, and then deploying that information to influence them to vote a certain way - Facebook and Silicon Valley giants like Google do every day. Now of course, every election is a Facebook election..."

NorthReport

Presently $166.89,  Down $2.50 today 

Last Friday it was selling at $185.09 so it has already dropped $18. a share in less than a week.

Down, down she goes. Where it stops nobody knows!

https://www.google.ca/search?q=facebook+stock+price&oq=facebook+stock+pr...

NDPP

Forbes: Why Are We Only Now Talking About Facebook and Elections?

https://t.co/c8sB6XI30A

"...Facebook did not respond to requests for comment on why it saw the Obama campaign's use of its data as acceptable while it believes Cambridge Analytica's use was not..."

Email Between Facebook CTO, Sheryl Sandberg and Hillary Clinton campaign head John Podesta, signed with FB key.

https://twitter.com/wikileaks/status/976134614099152896

But Russia...?

NorthReport

Today $164.84, down $4.55 now.

NorthReport

We give too much personal info to political parties, Élections Québec tells government

Worldwide scandal over harvested Facebook profiles prompts calls for tighter rules in Quebec

http://www.cbc.ca/news/canada/montreal/we-give-too-much-personal-info-to...

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