{"id":4450,"date":"2009-08-17T05:48:10","date_gmt":"2009-08-17T12:48:10","guid":{"rendered":"http:\/\/www.web-strategist.com\/blog\/?p=4450"},"modified":"2009-08-17T10:14:54","modified_gmt":"2009-08-17T17:14:54","slug":"the-future-of-facebook","status":"publish","type":"post","link":"https:\/\/web-strategist.com\/blog\/2009\/08\/17\/the-future-of-facebook\/","title":{"rendered":"The Future of Facebook"},"content":{"rendered":"<p>Facebook continues to make a series of evolutionary moves in recent months, rather than react to the news, let&#8217;s take a holistic look at where the company is headed. \u00a0 <a href=\"http:\/\/www.sfgate.com\/cgi-bin\/article.cgi?f=\/c\/a\/2009\/08\/15\/BUPA197LDD.DTL&amp;type=business\">I&#8217;ve given my perspective to SFGate<\/a>, now but want to dive into details here. \u00a0I&#8217;ll give my perspective, but as we&#8217;ve seen time and time before, the real value is the collective\u00a0contributions\u00a0in the comments. \u00a0<\/p>\n<p><strong>Evolving to a platform &#8211;not just a social network<\/strong><br \/>\nFacebook isn&#8217;t a social network, it&#8217;s really a communications platform &#8211;in fact, when you look closely, it&#8217;s not unlike an operating system on the web. \u00a0Early innovations such as the instant messaging tool,then the <a href=\"http:\/\/www.web-strategist.com\/blog\/2008\/07\/28\/an-overview-of-facebooks-f8-developers-community\/\">applications platform that allowed 3rd party developers (called F8, correction: Just Facebook Platform)<\/a> aren&#8217;t unlike what Microsoft offers to consumers. \u00a0What\u00a0separates\u00a0them from others is the social news feed which aggregates what others in your network are doing. \u00a0<\/p>\n<p><strong>Unique culture fosters innovation<\/strong><br \/>\nIt&#8217;s important to examine the culture and leadership of a company as it&#8217;s a strong indicator of how they&#8217;ll behave. \u00a0Young, innovative, yet somewhat reserved leader Mark Zuckerberg continues to make choices that don&#8217;t always include what the community expects &#8211;or wants. \u00a0In my visits to their previous HQ, it was much like a dorm room: <a href=\"http:\/\/www.flickr.com\/photos\/jeremiah_owyang\/3809282043\/\">spray painted walls<\/a>, fancy cafeteria. \u00a0However recently, they moved out of downtown Palo Alto (to the determent of local businesses) to a centralized location on California avenue in biotech row off Page Mill. \u00a0The employee base, and culture reflect all of this:\u00a0the age of the untainted product teams indicate this &#8211;In my ripe old age of mid 30s, I&#8217;m clearly one of the oldest during my visits.<\/p>\n<p><strong>Recent moves indicate move towards real time. <\/strong><br \/>\nFast forward to summer 2009, and we&#8217;re starting to see some radical developments. \u00a0First with the <a href=\"http:\/\/www.web-strategist.com\/blog\/2009\/08\/10\/facebook-acquires-social-veterans-in-friendfeed-deal\/\">acquisition of Friendfeed<\/a> which is mainly a talent acquisition and early snatching of potentially the next Twitter competitor, who they were unable to acquire. \u00a0Now we&#8217;re seeing indicators that they&#8217;re gearing up for mobile, and other devices like gaming consoles <a href=\"http:\/\/www.insidefacebook.com\/2009\/08\/12\/facebook-testing-facebook-lite-a-faster-simpler-version-of-facebook\/\">with a Facebook lite version<\/a> that is quickly delivers the basic for those that need to quickly find out what their community is doing and communicate back. \u00a0 Lately, we&#8217;ve seen indicators they want to find ways to improve <a href=\"http:\/\/www.insidefacebook.com\/2009\/08\/10\/facebook-launches-real-time-public-timeline-search-for-everyone\/\">real-time search<\/a>, which means they can help consumers make real time decisions.\u00a0<\/p>\n<p><strong>Awkward\u00a0adolescence\u00a0has its challenges<\/strong><br \/>\nThe continued innovation is spurred by the\u00a0elusive\u00a0business model &#8212;<a href=\"http:\/\/www.web-strategist.com\/blog\/2009\/07\/02\/facebooks-awkward-adolescence\/\">this\u00a0awkwardness<\/a>\u00a0is a natural outcome of a company in growth. \u00a0I&#8217;ve heard a couple of times from various employees that they&#8217;re generating revenue (but there&#8217;s no official information available) yet I hear from brands that traditional advertising is ineffective. \u00a0Secondly, this constant innovation becomes a real burden on brands who have a difficult time understanding which tools to use and why, as well as 3rd party developers who are constantly rejiggering the changing API and Terms of Service.\u00a0<\/p>\n<p><strong>What to Expect in Facebook&#8217;s Future: A Web Based Operating System<br \/>\n<span style=\"font-weight: normal; \">So what&#8217;s in store for Facebook in the future? \u00a0Here&#8217;s what we should expect:<\/span><\/strong><\/p>\n<ul>\n<li><strong>Aggregator of all. \u00a0<\/strong>To win, Facebook wants it&#8217;s network to spread to other locations, then aggregate back to it&#8217;s website. \u00a0This centralizes Facebook (which can be accessed anywhere from any digital medium) as the hub of communications. \u00a0 As a result, consumers will make decisions based on information from peers in this hubs, and brands will pay money to be part of it.<\/li>\n<li><strong>A new class of competitors &#8211;beyond social networks. <\/strong>\u00a0In the end, Facebook is an aggregator of all information that&#8217;s important to an individual and their friends. Who currently does this? \u00a0Media darling Twitter does this, Friendfeed (hence the\u00a0acquisition) and existing web email systems like Hotmail, Gmail, AOL, and Yahoo have shown indicators they&#8217;re thinking about heading this way. \u00a0<\/li>\n<li><strong>Content to be more public &#8211;yet members may resist.<\/strong> \u00a0The option to allow profiles to be public and the vanity URL landgrab are indicators that they want to make information more public &#8211;yet the challenge will be convincing members to opt-in.<\/li>\n<li><strong>Facebook.com as a destination isn&#8217;t as important. <\/strong>\u00a0To be\u00a0successful, Facebook will need to spread to many websites (<a href=\"http:\/\/www.web-strategist.com\/blog\/2008\/07\/23\/what-facebook-connect-means-for-corporations\/\">like corporate ones<\/a>) and experiences, this is why Facebook Connect (authentication for 3rd parties) matters. \u00a0This <a href=\"http:\/\/www.web-strategist.com\/blog\/2009\/04\/27\/future-of-the-social-web\/\">Era of Social Colonization <\/a>empowers the FB experience to spread to other websites.<\/li>\n<li><strong>Monetization engines to turn on.<\/strong> \u00a0The constant innovation of dozens of products are akin to &#8216;throwing pasta at the wall&#8217; to see what sticks. \u00a0Facebook&#8217;s 250mm user base is nearing mainstream web portal (see traffic compared to Google and Yahoo) they&#8217;re quickly closing the gap.<\/li>\n<li><strong>No kingdom lasts forever. <\/strong>\u00a0We see this time and time again, technology companies supernova, grow then fail to\u00a0innovate\u00a0from political tape and sheer size. \u00a0<\/li>\n<\/ul>\n<p>This is my take, yet it doesn&#8217;t\u00a0necessarily\u00a0mean it&#8217;s the only opinion. \u00a0I hope to hear what you think holds in store for Facebook in the coming years, love to hear your comments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facebook continues to make a series of evolutionary moves in recent months, rather than react to the news, let&rsquo;s take a holistic look at where the company is headed. &nbsp; I&rsquo;ve given my perspective to SFGate, now but want to dive into details here. &nbsp;I&rsquo;ll &hellip; <a href=\"https:\/\/web-strategist.com\/blog\/2009\/08\/17\/the-future-of-facebook\/\" class=\"more-link\"><span>Continue reading<span class=\"screen-reader-text\">The Future of Facebook<\/span><\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[],"class_list":["post-4450","post","type-post","status-publish","format-standard","hentry","category-facebook-strategy"],"_links":{"self":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts\/4450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/comments?post=4450"}],"version-history":[{"count":0,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/posts\/4450\/revisions"}],"wp:attachment":[{"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/media?parent=4450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/categories?post=4450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web-strategist.com\/blog\/wp-json\/wp\/v2\/tags?post=4450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}