Quote:
Originally Posted by Houdini
Here, to satisfy all those people that say they're going into China...."Not on the immediate horizon."
Charlie Rose Feb. 1, 2012
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That was an interview in November. This is February and the resulting stock jump for Chinese social networking site Ren Ren on the NYSE after Facebook's IPO registration belies the potential for interconnectivity. One has to pay attention to such things when they happen.
There is a saying that one should at times make attempts to diminish their plans so as to not give one's enemies (Google) a chance to undercut them.
Zuckerberg wants in on China and will do whatever it takes. It is something that may appear to be dismissed openly, but capturing that flag first is what Facebook absolutely MUST do soon, even if he has to partner up as I said earlier. Fortune columnist David Kirkpatrick (author of "The Facebook Effect") along with several other analysts have a similar view.
Quote:
Originally Posted by PR_Glen
Zuckerberg doesn't have enough charm to work an open, free, speak your mind type of site in china for the next 20 years i'm willing to bet.
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See above. He doesn't need to. A strategic alliance with one or more major chinese social networks that incorporates FB's API's and plugins is enough to grab a foothold in China before Google does.
Quote:
Originally Posted by PR_Glen
You didn't answer the part about companies that are already doing this, they have a huge leg up on facebook already, not to mention a more refined market of shoppers who actually want to buy, and aren't exactly booming either.
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The other companies that are offering financial services don't have the demographic leverage and social networking matrices that Facebook has established.
Major companies already have leveraged Facebook successfully to reach millions of customers in mere days (Transformers: Dark of the Moon, for example, reached somewhere above 150 million people through Facebook in a single weekend).
So imagine a product that persons can click "Like" and/or "Buy" instantly and then "Recommend" to friends/family directly or indirectly through the sale being posted to their FB news feed.
The opportunity to leverage advertising compensation to businesses in exchange for using Facebook financial services would be a win-win situation. Purchase incentives for FB users who buy through FB instead of the regular monetary platform on a merchant's site would multiply the effect.
Making the Facebook ID transaction a seamless yet secure process would be relatively easy as many sites already have FB integration. Again, imagine buying something which notes before completing your purchase that 25 of your FB friends also have purchased and "liked"/"recommended" it.
The above examples only show a small snapshot of the process and it can be expanded along so many other lines, but the technological platform that Facebook has is a winner. All that is needed is execution and the clear expression of what is possible.
Once a person begins to take a look at the developer side of Facebook, then their outlook begins to change completely. If one only looks at the surface-level, user side of the equation, Facebook indeed looks like just another website. My suggestion for anyone who is a bit curious is to dig a bit deeper.