Archive for the 'Social Media' Category

Page 2 of 10

YouTube hits 3 billion daily views on its sixth birthday

Proving yet again that it’s an unstoppable video juggernaut, YouTube announced today that it surpassed 3 billion daily page views this past weekend — a 50 percent increase over last year.

That’s a pretty good birthday present for the company, which launched six years ago in May 2005. On its fifth birthday last year, the company announced that it had hit 2 billion daily views, which was just six months after it hit 1 billion daily views.

With the rise of 4G networks and faster smartphones this year, I suspect YouTube will hit 4 billion daily views before its next birthday [Source].

Facebook reportedly partnering with Spotify for music service

Facebook plans to launch a new music-streaming service powered by Spotify in as little as two weeks, according a report by Forbes. The partnership will only be in countries that already have a Spotify presence, which excludes the U.S.

When launched, Facebook users in Spotify-enabled countries–such as Sweden, France, and the U.K.–will see a Spotify icon appear on the left side of their newsfeeds. Users that click on the Spotify icon will first install the service on the desktop and then allow users to stream millions of songs for free through Facebook.

Another interesting aspect of the service is the ability to let a user and his or her Facebook friends listen to music at the same time. It could be pretty neat to listen to new music and talk about it in real-time with multiple friends in one online spot [Source].

Twitter officially acquires Tweetdeck

After plenty of speculation and reports, Twitter announced officially today on its blog that the company had acquired popular third-party client Tweetdeck.

“This acquisition is an important step forward for us,” the company wrote. “TweetDeck provides brands, publishers, marketers and others with a powerful platform to track all the real-time conversations they care about. In order to support this important constituency, we will continue to invest in the TweetDeck that users know and love.”

After Twitter’s purchase of iPhone app Tweetie and its partnership with TwitPic, it wasn’t exactly shocking to hear the company wanted to buy one of the most popular third-party Twitter clients, which has versions available for desktop, iPhone, iPad, and Android. The company has indicated in the past it wanted to better control the user experience, and such, acquisitions like this are the easiest way to accomplish that goal [Source].

The Rise of Generation C

By 2020, the demographic we call Generation C — connected, communicating, computerised, and, as a rule, born after 1990 — will make up 40 percent of the population in the U.S., Europe, and the BRIC countries, and 10 percent of the rest of the world. By then, they will constitute the largest single cohort of consumers worldwide [Source].

This is the first generation that has never known any reality other than that defined and enabled by the Internet, mobile devices, and social networking. They have owned various handheld devices all their lives, so they are intimately familiar with them and use them for as much as six hours a day. They all have mobile phones, yet they prefer sending text messages to talking with people. More than 95 percent of them have computers, and more than half use instant messaging to communicate, have Facebook pages, and watch videos on YouTube [Source].

Their familiarity with technology; reliance on mobile communications; and desire to remain in contact with large networks of family members, friends, business contacts, and people with common interests will transform how we work and how we consume. How businesses prepare for the Connected Generation’s transformation of the consumer and business landscape will determine their success [Source].

VCs flocking to mobile photos

Instagram, the startup behind a popular iPhone application for editing and sharing photos, just announced that it has raised $7 million in funding led by Benchmark Capital.

Instagram also unveiled some famous new angel investors, including Quora co-founder/former Facebook chief technology officer Adam D’Angelo, Twitter and Square founder Jack Dorsey, and Lowercase Capital’s Chris Sacca.

Noticeably absent from the investor lineup is Sequoia Capital, which was earlier rumored to be backing Instagram. Sequoia did end up investing in blogging service Tumblr, which is so photo-heavy that it could be seen as a photo-sharing site.

Video’s Future Is Social

Google is acquiring Fflick, a startup that provides movie recommendations based upon users’ Twitter feeds in a deal that could enable the search giant to incorporate sentiment analysis and social considerations into its content discovery process.

Fflick is just one of many new socially driven recommendations engines that have emerged over the past year or so; websites and apps like Miso, Philo, GetGlue, yap.TV and Comcast’s Tunerfish have emerged as a way to get users to log their media usage and share it with friends.

Through all of these launches, one thing is clear: Increasingly, content discovery will come through personalised recommendations that incorporate social networks. By purchasing Fflick, Google is buying into this idea, which could help it improve video discovery, recommendations and targeting on YouTube, Google TV products and even through its traditional search engine.

At another front, former Facebook executive backs BlipSnips social video service. Despite the hoopla about how everything on the Web is becoming increasingly social, BlipSnips chief executive John Bliss said that online video remains a remarkably un-social experience — and that’ s a problem BlipSnips is trying to solve [Source].

A related article can be found on MIT Technology Review Searching for the Future of Television and Google’s Video Play.

Facebook Credits: Virtual Goods Are Just the Beginning

Facebook is ready to go big with its Facebook Credits virtual currency: the company announced that all developers will have to use the credits in their apps starting July 1st. The move takes Facebook Credits out of beta and will make it the main payment system for all apps, with Facebook getting a 30 percent cut of the action [Source].

But the transition to Facebook Credits is not just about Facebook getting a cut of Farmville virtual transactions. This is about Facebook ultimately starting its own online payment system that could be used to buy a lot of different goods and stretch beyond the boundaries of the social network [Source].

Facebook has the opportunity to drive a lot of payments through its Credits, not just virtual currencies. As businesses set-up shop on Facebook, the social network could use its payment system as the preferred system for buying goods, movie tickets or digital content. In addition to advertising, this could be the big play for Facebook as it looks to grow its revenues.

Gearing Up for the Coming Tech Boom


Amongst others, VC firm, Kleiner Perkins Caufield & Byers, is gearing up for the coming tech boom. That’s one of the reasons they hired famous Morgan Stanley analyst Mary Meeker as a new partner on Monday [Source].

Meeker said: “We’re at the beginning of another great wave of tech innovation and I am incredibly excited by the opportunity to help the next generation of Internet technologies and leaders.” [Source]

Gordon (partner @ Kleiner) said he sees a big boom coming, not a bubble, much like Kleiner’s managing partner John Doerr, who said that we’re in the midst of yet another boom for internet investments at the recent Web 2.0 Summit. The reason is that he sees a lot of technologies that are changing the way we live.

“The world of digital media is being transformed,” Gordon said. “A bunch of new businesses can be reinvented, thanks to social graphs, the mobile internet, and the new shopping habits of the young. Those are going to create a whole generation of cool new companies.” [Source]

Read related articles:
Another Technology Bubble?
M&A to Hit $3 Trillion in 2011
Private Equity Thrives Again
The Web Is Reborn (HTML 5)
Web Browsing is turning into Social Browsing
US$250 Million sFund
The Future of the Internet
Google Gets Semantic
Facebook is Pushing a Platform Strategy

Facebook’s Platform will Rule them All

“Email–I can’t imagine life without it–is probably going away,” said Facebook COO Sheryl Sandberg in June, citing how only 11% of teens use email daily.

That’s the same story parroted Monday by Sandberg’s boss, Facebook CEO Mark Zuckerberg, who introduced the company’s new messaging service by suggesting a generational shift away from email.

Based on Sandberg’s and Zuckerberg’s comments, it’s no surprise the blogosphere proclaimed the social network’s new service a “Gmail killer.” But that’s entirely the wrong term to be using. For starters, Gmail isn’t that big a deal. It has only a 15% market share. Hotmail has double and Yahoo triple that userbase. Facebook isn’t interested in killing off any of them as a messaging platform–its goal is to rise above them all, contain them all, and thereby rule them all [Source].

Related stories:

  • Why Facebook Wants Your E-Mail [Click]
  • How Facebook plans to reinvent email and online messaging [Click]
  • How Facebook’s Messages System Helps It Win [Click]
  • Schimdt on Facebook Messages: Competition Is Good [Click]

Web Browsing is turning into Social Browsing

In a recent study of 21-29 year old females, there was a surprising number spending as many as five hours per day on Facebook, with much of that activity being what the respondents nearly all called “nosing around” (called “social browsing”).

This largely consists of seeing what your friends are or were up to: Reading status updates, clicking and watching video links, shuffling through photos of friends’ nights out and comparing those nights to ones own.

To people familiar with Facebook, this behaviour, of course, is not unexpected. But what there can be found most interesting about it was that, for this group, social browsing had largely replaced all other forms of web browsing.

What’s most important about this behaviour, from a brand marketing perspective at least, is that when many of these women needed to look something up—information on a venue, or a band, or a consumer brand—they were more likely to look first for information on the site where they were already spending all their time: Facebook.

What does this kind of behavior mean for online marketers? Well, for starters, brands primarily interested in targeting a younger, female demographic should focus on building brand Facebook pages at least as comprehensive as their brand websites [Source].