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The Facebook revolution (Biggest, most valuable database in the world?)
LA Times ^ | 7 October 2007 | Fred Vogelstein

Posted on 10/07/2007 3:56:34 AM PDT by shrinkermd

When I first met Mark Zuckerberg, he seemed as much a visitor to his surroundings as I was. It in Facebook's boardroom in Palo Alto, and Zuckerberg hadn't spend a lot of time there. He wondered aloud to his media aide why we were meeting in such a big and off-putting formal space. His comments caught me off-guard. I expected a guy who has become as rich and famous as Zuckerberg to more fully embrace it. And then I thought, "Of course he feels awkward about his surroundings. He's only 23 years old."

It's been like that from the beginning for Zuckerberg. Ever since he started Facebook out of his Harvard dorm room four years ago, he has been scrambling to keep up with epic growth in his and the company's fame and fortune. The last year has been particularly remarkable. Users have quadrupled while employees and revenues have tripled. Zuckerberg was mocked briefly in 2006 for turning down a near $1-billion buyout from Yahoo. Now, there is talk that Google and Microsoft both want to buy a chunk of or all of Facebook for a valuation north of $10 billion...

...Another round of Silicon Valley hype, you say? Perhaps. It does defy a certain logic that a 23-year-old might be worth -- based on his 30% stake in Facebook -- $3 billion. But the facts are these: Facebook is the hottest social networking company on the planet right now. And two very smart companies -- Google and Microsoft -- along with most of Silicon Valley believe that Facebook, or its kind of technology, is going to completely change the way you use the Internet in five years. Is that worth $5 billion? $10 billion? $15 billion? I don't know, but I know it's worth a lot.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Culture/Society; Extended News
KEYWORDS: 10billion; facebook
The demise first of the extended family, then the local community and now, even, the nuclear family has left a great hunger for human contact.

"Friends" is a synonym for human contact, or so it seems.

1 posted on 10/07/2007 3:56:39 AM PDT by shrinkermd
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To: shrinkermd

That’s a big part of why FR is addictive.


2 posted on 10/07/2007 4:22:58 AM PDT by elfman2 ("As goes Fallujah, so goes central Iraq and so goes the entire country" -Col Coleman, USMC ,4/2004)
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To: shrinkermd

After reading the article, I’m still puzzled why I would want a Facebook page. It seems so narcissistic — like driving around in a car with humongous speakers blaring “Me, me, look at me!”


3 posted on 10/07/2007 6:01:54 AM PDT by JoeGar
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To: All

I have facebook, I never use it. Now I feel bad that I, in some way, made this guy rich.


4 posted on 10/07/2007 6:10:42 AM PDT by escapefromboston (manny ortez: mvp)
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To: escapefromboston

No, what should make you feel bad is what these guys are going to do with your data should they buy the company for $10 billion.


5 posted on 10/07/2007 6:42:47 AM PDT by Pikachu_Dad
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To: Pikachu_Dad
I am still of the opinion that it is never a good idea to put personal information on the internet if you can avoid it.

I have never gone to the Facebook site, --but haven't there been stories right here on FR of some girls being harmed by people they "met" through Facebook?

6 posted on 10/07/2007 6:58:08 AM PDT by basil (Support the Second Amendment--buy another gun today!)
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To: Pikachu_Dad

The ‘money line’ the whole article is the one that implies that YOU will have control over the access and use of whatever data is entered into either of these data files. There is one reason, and one reason alone that these sites are worth anything to any corporation and that’s the ability to access, mine, correlate and analyze the data there - it’s all about mass-customization of marketing - using data about you to focus ads on you, your preferences, and actions.


7 posted on 10/07/2007 7:02:16 AM PDT by NHResident
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To: shrinkermd
yeah, whatever.

In the meantime, databases are triangulated and parsed and profiled and sold.

it's information that's unique to you and you don't even get a cut. what a cool racket that is.

death to databases.

8 posted on 10/07/2007 7:07:21 AM PDT by the invisib1e hand (are you looking at me?)
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To: shrinkermd

I still like the idea of my close friends and I having shared experiences, real live contact and learning new things about each other in reality, not virtual reality.

Maybe it just speaks volumes about my generation, but its never wise to get too much information up front. There should be some bit of mystery and intrigue to make life interesting.


9 posted on 10/07/2007 7:19:26 AM PDT by senorita
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To: Pikachu_Dad

Hmmmm....wonder what Facebook would do with my data.....false name, false birthdate....etc.....I use facebook to monitor young relatives......


10 posted on 10/07/2007 7:25:11 AM PDT by goodnesswins (Being Challenged Builds Character! Being Coddled Destroys Character!)
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To: JoeGar
"After reading the article, I’m still puzzled why I would want a Facebook page. It seems so narcissistic — like driving around in a car with humongous speakers blaring “Me, me, look at me!"

No, that would be MySpace. Facebook is a lot slicker and cleaner - awesome for finding old friends and just staying in touch with people in general.
11 posted on 10/07/2007 8:48:04 AM PDT by fred4prez
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To: basil

That seems more myspace than facebook. Facebook is a little “higher end” than myspace and doesnt seem to have teen skanks on them.


12 posted on 10/07/2007 10:11:37 AM PDT by escapefromboston (manny ortez: mvp)
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To: escapefromboston

LOL! I don’t know the difference between these websites. I just don’t bother to go to any of them.


13 posted on 10/07/2007 10:13:31 AM PDT by basil (Support the Second Amendment--buy another gun today!)
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To: shrinkermd
Now, there is talk that Google and Microsoft both want to buy a chunk of or all of Facebook for a valuation north of $10 billion.

Geez Louise...this kid must be a helluva poker player, because I would have sold the site to Yahoo for the initial billion, and then live out the rest of my days on a tropical island filled with 500 supermodels.

14 posted on 10/07/2007 11:00:48 AM PDT by Extremely Extreme Extremist (Congratulations Brett Favre! NFL's all-time touchdown leader)
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To: shrinkermd
Part of the reason that Facebook is successful because it is still relatively "clean".

Once they sell out to a large corporation, they'll change the website in order to make it more profitable and in the process they'll alienate facebook customers.

15 posted on 10/07/2007 11:06:23 AM PDT by MinorityRepublican
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