The invitation, sent to the ad agencies of new york, and the principal corporate advertisers, arrived carved onto a Lucite brick:
“You are invited to a discussion with Mark Zuckerberg and the Facebook executive team as we unveil a new way of advertising online.”
Since the days when the great jerry del femina talked about some strategies in “how to sell the world” (does anybody remember that story?) by introducing images of power, safety and security to the begining of a pitch, a certain per centage of corporate angel money has gone to efforts to fertilise natural cultures, and then harvest the resulting crop.
Facebook has an enormous database of people’s demographics, relationships, likes and dislikes. All were provided with a tiny announcement that installing an application, for a social wheel, to share games, to identify people in pictures, to give personal data, to get branded with preferences and specialised interests, all were provided on the basis of an assumed privacy policy, a culture of protection and care, which will evidently now be used be used for targeted advertising on and >>off <<the site. I wrote about this about a month ago–that the photo id feature of facebook would turn into a stalker’s paradise as soon as facebook’s monetary greed reached critical mass.
Several of my associates said i was being paranoid, that facebook would lose its user base as soon as people realised any risk. I know how far people will go on on the basis of a promise or a trust given. And how much they will deny the level of pain that may come. Ask anyone who owned Enron, Global Crossing, or, this season, a mortgage based hedge.
I don’t thinkFaceBook will lose following based on the knowledge that a noose is closing. The current demographic has been handed that message since middle school, and is numb to it.
As a deep believer in convergence theory–that we are in the middle of a social evolution into a world where the false authorities of “isms” will die, and a culture of understanding the ecological reality of unity will appear, i know that tools like Facebook will continue to emerge.
I also recognise the shape of promises about to be broken. Facebook has moved from being a safe place for people in schools to expand their networks without the attendant garbage that MySpace was bound to turn into, and is probably about to become as much a source of violation as the “view my webcam” starving artists of MySpace. It will excuse itself for this by saying that its intrusions are being done by the right kind of people. People approved by committees, who thought very carefully about al l the data they had collected over years of observation, before making assignments.
For those readers with some background, here is some of the plotline:
Facebook has already announced that it would
1.target users based on profile details such as political affiliation, work network and keyword.
2.target advertising to users even when they’re not on Facebook.
3.On Sept. 24, Facebook trademarked the term SocialAds, described as “advertising and information distribution services, namely, providing advertising space via the global computer network [and] promoting the goods and services of others over the internet.” and..the biggie..the real point:
4. during financial discussions, Facebook is being held out as being worth $15 billion. About 2 years ago many thought Rupert Murdoch crazy for the apx $9 a pair of eyeballs for MySpace, but Microsoft, which knows something about how to make money agrees that $15 billion is about right for FaceBook’s knowledge base of its members, and the ability to grow that membership and the amount of personal knowledge obtained, and made usable for whatever purposes can be devised.
How will Facebook justify that valuation?? Yeah. If you are a mammal, you have a clue: a machine to eat the eggs and the young, nimbly, quietly, without the birds noticing the change in what’s in the nest. Which is fine if the birds are Y&R or other other world wide data houses, and not so fine if the eggs eaten are the eagles and songbirds of tomorrow.