If any system of which data of the user is shared across multiple sites, would the valuation of those sites using the shared information not be cut by at least 50%?
Lets take Facebook for example. I figure their multi-billion dollar valuation is for their ability to reach to millions, and the information they have about all of those users.
If then one company, lets take OpenSocial (google) has all that information, they are the true big-wigs.
So, for convenience, its great, but for the sites using it, it won't be as valuable if their looking for an exit-strategy, right?
I'm not an economist here, so please let me know if I am way off, but thats how I see it going down.
James
· 1 year ago
Nathaniel,
You're correct to some extent. As much as their valuation is based solely on the users and user data they have accumulated they lose to some degree here (well the biggest loses, smaller sites can actually benefit).
However, just having the users (and their data) is only part of the equation. You need to keep the users around on your property - page views isn't the best way anymore to look at it - but they can be an indicator to some extent of interactivity. Facebook remains strong with their valuation as long as users spend a ridiculous amount of time on the property.
What will be interesting is whether or not this allows social based sites with more narrow feature sets to benefit greatly and draw away from time spent on Facebook and the like. Will more people use Twitter if they're friends can easily follow along with them (as one example)? I think this could be a huge boost to sites with single social focuses.
Lapp
· 1 year ago
Does this virtually replace Open Social now?
robojiannis
· 1 year ago
Just a few days after the whole Scoble story, eh? It makes you wonder...doesn't it?
xxdesmus
· 1 year ago
Well this is impressive. It seems like OpenSocial really is pretty much useless now, huh?
Paisano
· 1 year ago
This only helps OpenSocial, folks. By joining the same DataPortability group, FaceBook has in essence surrendered. Now, that doesn't mean they won't continue to try to fight OpenSocial, but this is the beginning of the end of their dominance of social apps. Developers would be stupid to build apps just for the facebook platform when they can build apps on OpenSocial for ALL websites. I predict FaceBook will someday embrace OpenSocial.
James Gillmore
· 1 year ago
Here's my predicition: Since Faecbook and Google say they are joining together in the Data Portability initiative, Google stops development on Open Social (which is really just an embryo compared to the feature-packed Facebook API and Platform) and makes the Facebook platform THE DEFINITIVE 3RD PARTY DEVELOPER PLATFORM WITH SOCIAL PORTABILITY BETWEEN ALL NETWORKS. Why else would they joing together in this sort of initiative? The Facebook Platform and API will become Open Social....Think about it: Facebook announced about a month and a half ago that they would allow other websites to use the Facebook API in their site. In essence, this makes the Facebook API just like Open Social, but 10 times better since it is already far more advanced and already has thousands of apps developed for it. That's my prediction. I'm taking bets. I got $100,000 on it!
salil
· 1 year ago
larger sites that dont allow for median variables to disrupt a room size that would generally not make the time line today can become dependent on the hebrew word mecca for developers.....
the most news worthy aspect of them all is the short end of the bargain,,,,,,,
the interest calculated on a single line of lets say marblwes could cause the consensus to increase by a third......
open architecture vehicles have more bang for the buck than private-labels and name-brands that would not have become real if not for the business intelligencia .............
now the dictation sounds a lot easy than if I insists on a better mode of delivery......
the next bit could most likely call the whole pack a gamers paradise.........
faizah muhammad
· 7 months ago
with google ma ambitions are attained,thank you google
All Comments
Lets take Facebook for example. I figure their multi-billion dollar valuation is for their ability to reach to millions, and the information they have about all of those users.
If then one company, lets take OpenSocial (google) has all that information, they are the true big-wigs.
So, for convenience, its great, but for the sites using it, it won't be as valuable if their looking for an exit-strategy, right?
I'm not an economist here, so please let me know if I am way off, but thats how I see it going down.
You're correct to some extent. As much as their valuation is based solely on the users and user data they have accumulated they lose to some degree here (well the biggest loses, smaller sites can actually benefit).
However, just having the users (and their data) is only part of the equation. You need to keep the users around on your property - page views isn't the best way anymore to look at it - but they can be an indicator to some extent of interactivity. Facebook remains strong with their valuation as long as users spend a ridiculous amount of time on the property.
What will be interesting is whether or not this allows social based sites with more narrow feature sets to benefit greatly and draw away from time spent on Facebook and the like. Will more people use Twitter if they're friends can easily follow along with them (as one example)? I think this could be a huge boost to sites with single social focuses.
It makes you wonder...doesn't it?
to disrupt a room size that would generally not make the time line today can become dependent on the hebrew word mecca for developers.....
the most news worthy aspect of them all is the short end of the bargain,,,,,,,
the interest calculated on a single line of lets say marblwes could cause the consensus to increase
by a third......
open architecture vehicles have more bang for the buck than private-labels and name-brands that would not have become real if not for the business intelligencia .............
now the dictation sounds a lot easy than if I insists on a better mode of delivery......
the next bit could most likely call the whole pack a gamers paradise.........