Mark Zuckerberg’s Letter To Shareholders

I started today feeling very down on Facebook. This feeling changed when I found this letter from Mark Zuckerberg to shareholders, basically saying that Facebook doesn’t exist simply to chase money. Crazy as it sounds, I believe him. I think Zuckerberg’s still very much still a hacker, in spite of Facebook’s popularity.

It’s given me hope that Zuck’s not a bad guy and there might be hope for Facebook yet. That said, if Zuck thinks he controls Facebook he’d better pay attention to the Hacked by Mitt Romney stuff.

It’s Becoming Clear That No One Actually Read Facebook’s IPO Prospectus Or Mark Zuckerberg’s Letter To Shareholders

As Facebook’s stock continues to collapse, the volume of whining is increasing.

Four months ago, you will recall, Facebook was viewed as “the next Google.” Now, with no major change in the fundamentals, it’s viewed as an over-hyped disaster. Meanwhile, there is ever-louder grumbling that 26-year-old Facebook CEO Mark Zuckerberg is in over his head and should be relieved of command.

As I listen to all this whining, I have a simple question:

Didn’t anyone even read Facebook’s IPO prospectus?

The answer, I can only assume, is “no.”

via It's Becoming Clear That No One Actually Read Facebook's IPO Prospectus Or Mark Zuckerberg's Letter To Shareholders – Business Insider.

Dangerous Minds | FACEBOOK: I WANT MY FRIENDS BACK

Dangerous Minds takes a closer look at Facebook’s throttling of posts. On average, posts are only seen by 15% of a user or page’s audience and posters must pay to have the post reach more of one’s audience. What used to work just a few short months ago is now purposefully broken, so Facebook can extort you into paying for the fans you already attracted.

But it wasn’t just the so-called “fan pages,” individual Facebook users were also starting to notice that they weren’t seeing much in their newsfeeds anymore from the various entities they “liked”—or even updates from their closest friends and family members. Something was amiss, but unless you had a larger “data set” to look at—or a formerly thriving online business that was now getting creamed—it probably wasn’t something that you noticed or paid that much attention to.

It’s the biggest danger of putting all of your digital eggs into one basket: Facebook’s walled garden may be one of the prettiest out there but it’s still walled. Your presence on Facebook is subject to the whim of the company’s latest profit scheme. We’re all social media serfs and Zuckerberg (or, more accurately, Wall Street) is king.

via Dangerous Minds | FACEBOOK: I WANT MY FRIENDS BACK.