March+Video+Report

Mark Zuckerberg Keynote Speaker

Zuckerberg’s video included a summary of how far Facebook has advanced. There are now 24 million users. They are adding 100,000 users a day and growing 3% a week. The biggest age group joining Facebook is people twenty-five years and older. Fifty percent of Facebook users come back daily. Zuckerberg then introduced the new platform for Facebook. Facebook will feature application use. Deep integration, mass distribution, and business opportunity are the focuses. Using these new platforms, users can easily transfer apps to their own Facebook page. The Events application allows users to notify and request notifications of upcoming events from other users. Users can invite their “friends” who can respond to that invite. Users can send messages individually through various ways on Facebook. Facebook has also created a business opportunity by allowing users to place advertisements on their canvas allowing the user to keep all the revenue. Users would be able to create a whole advertising business on Facebook. Even the transactions can be done on the Facebook canvas. Microsoft is developing more tools that users can use in addition to the Facebook platform. Amazon is building into the Facebook platform by providing a book review application. Slide will also provide apps on Facebook.

Facebook Videos 60 Minutes

The office atmosphere for the Facebook employees allows them to come late and work late. They have free meals and laundry services. The CEO Mark Zuckerberg sits at a desk just like the rest of the employees. This description follows very closely to the “Net Generation” and their views of a job according to Tapscott’s book. I found the beginning statement referring to Facebook as “an addictive waste of time” interesting. That is my view about Facebook. I simply do not have free time to spend reading about friends’ daily activities. It was very interesting to learn that Facebook is a great threat to Google and many people now search Facebook for answers to questions rather than searching Google. It’s amazing that Zuckerberg turned down a $1 billion dollar offer from Yahoo, and that now Facebook may be worth billions more than that.

Even though Facebook has been an amazing creation by such a young man. The company has had to overcome some hardships including the creation of Beacon, which nearly led to the destruction of Facebook. Beacon followed the purchases of its Facebook members and sent an update to all that member’s friends alerting them of those purchases. Zuckerberg eventually apologized for this error and reprogrammed Beacon. At the time of this video, there had been a lawsuit filed by upperclassman regarding the creation of Facebook. Zuckerberg’s age may be a disadvantage as well….time will tell.