Facebook platform by Ami Vora (Facebook)
Social graph
Photo tagging, awesome ability to reach out to only those who matter
Now comes good stuff..
Platform offers
- mass distrivution – content, invitations, applications, anything oif value
- deep integration – if Facebook can build it, so can you
- new opportunity –
- Growth – access to millions, viral diftrivution
- Engagement – social context, 50% retuen users on website
- Monetization- freedom
i. Ad n/w
ii. Cross promotion
iii. Institutional funding
- Facebook fund
- low barrier to entry
- small no equity grants
- Advice from facebook
- engaging content, focus on social. Focus on user.
- use integation points well
- develop and iterate.. why will user come back. Low investment, quick feedback, iterate.
- intelligent promotion
- incorporate privacy
- This is just the beginning. Think long term. Same users, so facebook believes success depends on each others success.
- Facebook found that good performance have dramatic impact
- Q&A
- Micropayments , Monetization – two approaches. Either Facebook develops or 3rdparty develops.
- Facebook will leave a lot of money on the table for 3rdparty
- Best user experience is not possible if Facebook tries to own everything. It is upto users.
- They are thinking about enabling news feed stories about applications even if user has not installed but friends have.
- FACEBOOK will change utlity (feeds etc) based on what works for users, what works for what kind of apps.
- The game is not over. Slide and Rockyou did good with opportunity. Platform matures, applications will change.
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