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FACEBOOK - The Emperor Has No Revenue

Posted on May 16th, 2012 Written on michael's blog
Comments: 1


  I like it... but I don't pay any attention to the ads... The New York Times today reported that General Motors will stop running ads on Facebook. While GM only spends $10 million a year on its Facebook ads, a tiny fraction of Facebook's ad income (and GM's ad budget), it may be the opening wedge in an ackowledgement that the emperor has no clothes.   “My colleagues and I have spoken with several other advertise

Tags : Facebook , Bittman

JOIN US IN LONDON FOR THE VIDEO OLYMPICS

Posted on May 13th, 2012 Written on michael's blog


  This summer the Olympics are coming to London. There are going to be millions of people there, most of them shooting video on their cameras and iPhones. But in June, the month before the Olympics starts, we're going to be running our own Olympic training bootcamp in London. This one will be for what is not yet an Olympic sport - but one never knows. (I mean they made bowling an Olympic sport in 1988!). We're partnering with The Guardian, probably the best

Tags : Guardian , GMA , London

FACEBOOK IPO - IS THE BUBBLE ABOUT TO BURST?

Posted on May 12th, 2012 Written on michael's blog


 Megasite Facebook is preparing for its IPO. The valuations have been in the range of $100 billion. But now, at the precipice of the IPO, Facebook has amended its offering to note that there is a danger that the rapid move toward mobile may impact on future earnings. Really. I suppose this is to innoculate the Facebook board from future investor lawsuits. Good idea too, because in fact the move to mobile is coming very fast and Facebook's revenues are going

Tags : Facebook , Amazon , Reuters

The Instagram of Video

Posted on May 9th, 2012 Written on michael's blog


  The purchase of iPhone app Instagram for $1 Billion by Facebook was astonishing, but it focused people on what is fast becoming Web 3.0, which is a world in which people put stuff into the system as much as they observe, read or watch it. Clearly the valuation of Instagram at $! billion has caused a rush to video, which is the next logical step after stills. The holy grail here is an app that allows people to shoot video, edit simpliy and upload directly to

Tags : Reeli , BBC , Instagram

Oprah Goes Broke While Verizon Shows Her How She Could Have Made OWN Work

Posted on May 7th, 2012 Written on michael's blog
Comments: 3


  photo of Oprah from The Daily Mail from Twitter, Tweeted by Oprah (so I hope there are no rights issues here) The Daily Mail, the UK newspaper everyone loves to read, announced today that The Oprah Winfrey Network (OWN) is pretty much over. The network has so far lost a staggering $330 million, with no end in sight. Part of the problem is that almost on one watches and part of the problem is that their convetional pr

Tags : OWN , Oprah , Daily , Mail
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