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Showing posts with label IPO. Show all posts
Showing posts with label IPO. Show all posts

Saturday, June 9, 2012

Face off Facebook




Facebook has gotten nothing but grief since going public last month and now a user poll is adding to the misery with more evidence that their ads don't work and user engagement is going down. After its 100 Bn. Dollar which saw Mark Zuckerberg become the 23rd richest person in the world and immediately afterwards trousered 1.3 Bn. Dollars in cash and married his long-time girlfriend Priscilla Chan and headed off to Rome to experience La Dolce Vita. For myself I don’t think too much of FB’s ill-gotten gains have gone into customer service for shortly after Mark took his eye off the ball I was forced to write to him after experiencing a Zuckeroid attack.

Priscilla and Mark - It's not complicated


Ciao Marco,

Sorry to have to write to you when you are busy getting busy but almost as soon as you went on honeymoon my problems began.

Out of the blue without any warning I have received a notice that my friend requests are blocked for "14 Days due to multiple feedback" that I have sent friend requests to "people" I don't know. Your highly directive and patronising process software (don't take my word for how this stuff winds up users - ask them and they'll tell you at the same time why FB is such a distrusted brand) then "invites" me to cancel my pending friend requests. As I haven't accepted this "invitation" no doubt your "intelligent" software which makes Homer Simpson seem like a genius will discover tomorrow it should extend this to 21 days and the day after to 28 days.


Some facts;

1. Have the Zuckeroids considered the possibility of malicious feedback - particularly from friend trawlers whose FB requests I have refused because their pages don't seem real or they have few friends. Or indeed people from the Indian sub-continent and Africa whose friends have friended you but who then ask for money or help with illegal immigration or jobs in the UK and who as a consequence I have de-friended?

2. I have only sent FB requests to "people" suggested by FB and where I have at least 50 friends in common - A lot of these "people" are not people but Political, Trade Union (that's Labor in American) or activist accounts - I also run Aylesbury Labour Party's Facebook account - please tell me how I should know these personally to comply with your Community standards - I'll be happy to put your considered reply on my Blog as I know your answer (rather than waffly "Community Standards") would be of interest to a lot of FB users.

I am a responsible FB user but like many such people I am totally tired of your inconsistent and unrealistic policies - not that I or anybody else could keep up with them as they seem to vary in practice from day to day, week to week depending on what brain wave Zuckeroid programmers come up with without really considering the impact of what they are doing outside their own narrow attention span. Last week you were preventing putting Blog links (on the grounds that "it looks spammy or inappropriate) on MyBlogworld Forum a group set up by fellow Bloggers for sharing blog links!



Finally - calling us a "Community" is a delusional fiction of your invention - a community is based on respect and engagement and that is not the way users feel about FB - a large company which abuses its users information and continually changes the rules to maximise its own mean advantage.

In summary I do not care in the slightest what stupid and illogical "Blocks" you impose - if you keep losing users trust it will be entirely irrelevant and you will join the long line of "impregnable" enterprises who wrongly thought they were more important than their customers.

Stop alienating your users with stupid actions - as long as you do we will not trust you, without trust you won't achieve your commercial objectives and the bottom line is we are more important to you than you are to us - your non-community.

Infine, while in Rome try an authentic restaurant, Abruzzi on the Via Vaccara at angelo Piazza Santi Apostoli, just off the southern end of Il Corso. It’s good food and an old established restaurant which won’t break the bank.

Arrivederci,

DaithaiC



Footnote; such is FB’s dedication to customer service that you can no longer write to them about your problem or issues. No sirreee, that approach is soooo yesterday! What you need to do is “post” your (non) communication on a help forum and then other FB users can respond to you. For, dear members of the “Community” if you are having problems it is because YOU don’t understand and it is simply not cost effective for a 100 Bn. Dollar company to deal with your silly concerns because YOU are always wrong. Now that is the type of “customer service” Frank Kafka could relate to!!

P.S. Three days after posting my letter in the Limbo land of user forums my block was quietly lifted.



Monday, May 21, 2012

DTN News - TECHNOLOGY NEWS ~ FACEBOOK: Mark Zuckerberg’s And Priscilla Chan Tied The Knot

DTN News - TECHNOLOGY NEWS ~ FACEBOOK: Mark Zuckerberg’s And Priscilla Chan Tied The Knot

(NSI News Source Info) TORONTO, Canada - May 21, 2012: Facebook founder and CEO Mark Zuckerberg has updated his status to "married."

While all the media talk was about Facebook’s initial public offering, Mark Zuckerberg and his nine-year-old girlfriend Priscilla Chan secretly tied the knot on Saturday. According to Us Weekly, the couple spent the past five months preparing for the wedding, but they preferred not to mention anything because they wanted an intimate ceremony.

Friday, May 18, 2012

DTN News - TECHNOLOGY NEWS: Facebook Stock ~ First-Day Of Trading Not For The Faint Of Heart

DTN News - TECHNOLOGY NEWS: Facebook Stock ~ First-Day Of Trading Not For The Faint Of Heart

(NSI News Source Info) TORONTO, Canada - May 18, 2012: People walk past a sign welcoming Facebook at the NASDAQ stock exchange on Times Square in New York, on May 18, 2012. Facebook shares saw an opening pop fade Friday as the wildly popular social network made its long-anticipated market debut.

The shares, priced at 38 USD in the largest-ever initial public offering (IPO) for a technology company, jumped 12 percent to 42.55 USD in the opening Nasdaq trades before enthusiasm faded. 

The shares dropped back all the way to the $38 offering price before showing modest gains at midday.

(Read complete strory on Defense-Technology News - Click on link undermentioned)

Thursday, May 17, 2012

DTN News - TECHNOLOGY NEWS: How Facebook Took Over The Web

DTN News - TECHNOLOGY NEWS: How Facebook Took Over The Web

(NSI News Source Info) TORONTO, Canada - May 17, 2012: Facebook is on its way to 1 billion users with an IPO around the corner. Not bad for a company with its roots in a Harvard dorm room.

*New data from Nielsen reveals how Facebook grew to become the dominant social network it is today.

But how did it achieve its grip on the global market? New findings from Nielsen offer a peek into some key milestones for the social network.

Facebook's user base currently numbers more than 900 million. But it's also one of the most visited Web sites in the world, according to Nielsen.

The site received around 152 million unique visits from people in the U.S. in March, which means that more than two out of three online Americans checked out Facebook that month. In such countries as Brazil, Italy, and New Zealand, the rate is even higher.

Facebook first grabbed 10 million unique U.S. visitors in November 2006 and 10 million unique U.K. visitors in April 2008. The site captured 10 million unique visitors in France, Germany, and Spain in 2009, Nielsen said.

In August of last year, Facebook surpassed Orkut as the top social network in Brazil and has continued to grab more users in the country since then. MySpace was also once a hot social network. But in January 2009, Facebook officially surpassed MySpace at the top social network and has held that title since.

Facebook is currently ranked top among all social networking and blog sites in 11 of 12 major countries around the world. The following table from Nielsen shows Facebook's reach in those 12 countries.

Wednesday, May 16, 2012

DTN News - TECHNOLOGY NEWS: Facebook Value Up To $104 Billion - Company Hikes IPO Price Range

DTN News - TECHNOLOGY NEWS: Facebook Value Up To $104 Billion - Company Hikes IPO Price Range

(NSI News Source Info) TORONTO, Canada - May 16, 2012: A woman shoots video of the sign at the entrance to the Facebook main campus in Menlo Park, California, May 15, 2012. Facebook, the world's most popular internet social network, expects to raise USD $12.1 billion in what will be Silicon Valley's largest-ever initial public offering (IPO) later this week.

*Already expected to be the largest initial public offering for an Internet company, Facebook is making its IPO even bigger.
The world’s largest online social network on Tuesday increased the planned price range for its stock to $34 to $38 per share in a filing with the U.S. Securities and Exchange Commission. That’s up from its previous range of $28 to $35. At the upper limit of $38, the sale would raise about $12.8 billion.
The move, which values
Facebook as high as $104 billion, comes amid growing investor excitement about the offering. Analysts are comparing the frenzy surrounding
Facebook’s IPO to Google Inc.’s in 2004, though in sheer size the latter pales in comparison.
At the same time, half of Americans think the expected value for Facebook Inc. is too high, according to a new Associated Press-CNBC poll conducted before the company raised its expected stock price on Tuesday. Only one-third of those surveyed said they think Facebook’s expected value is appropriate.

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