owners - Tag Archive

What we now know about Facebook

21 Replies Christopher Roberts

As you may have heard, Facebook plans to become a public limited company (plc) and float on the stockmarket. It hopes that this will raise around the sum of $5 billion USD (this is only about half what most people thought it would try to raise) in finance for the business, a colossal amount!

Facebook's LogoThanks to the flotation it is estimated that around 30% (roughly 1,000 people) of the companies employees will become millionaires! That said, Mark Zuckerberg is reducing his annual salary to just $1 as of January next year. Why? Because he will have shares estimated at the value of around $100 billion!

Anyway, due to Facebook wanting to become a plc, it needed to release more detailed financial data than it ever had before, into the public domain. This means that we now know much more about this previously rather secretive internet giant, than ever before!

Finances

Thanks to its choice to become a plc, we now know that Facebook makes 85% of its income from advertising. Furthermore we know that last year it made almost $4 billion USD! Out of this, it turned an impressive 25% into profit, bringing it in $1 billion (supposedly exactly) in net profit.

It is now possible to value to company as a whole, and it is thought to be worth $100 billion USD. To compare that to other industry giants, Amazon is valued around the same amount, eBay is values at about half that figure, and Google is thought to be worth double that.

Ownership

Facebook will still be owned and controlled largely by Mark Zuckerberg. He currently owns 28.4% of Facebook and has a majority in terms of voting rights with over 50% of votes. Basically Zuckerberg owns Facebook still, and he seems to want to stay in the driving seat for a while yet!

Mark Zuckerberg the founder of FacebookUsers

We now also know that Facebook have around 845 million active users around the world, of whom, around 450 million visit the site very regularly – that is a crazy amount!

The Future?

Facebook would be worth nothing without its users. Some people say that its users are not Facebook’s customers, but in fact the networks products. If people get bored or move on, the site will die.

If you were buying shares in an internet based business, Google would probably be a much safer bet than Facebook, as its future looks much more certain. Facebook may pay massive dividends to investors in the future, or it may go into decline and cost investors a collective $5 billion!


Friends Reunited was once great, now it stands in Facebook’s massive shadow, as does Myspace, Bebo, Foursquare and many other social media sites. All these sites how now been superseded by Facebook, the question is, will Google Plus or something else dwarf Facebook? Personally I believe that in 10 years, there will be something bigger, but we will just have to wait and see 🙂

Is The Right To Anonymous Blogging Under Threat?

19 Replies Jonny Hankins

The UK government has just published a draft Joint Parliamentary Committee report that may well effect bloggers like you and me. The bill is about defamation of character, but it includes some interesting points about blogging, and in particular anonymous posts. Although their aim is to lift the burden of policing blog comment from the service providers, it may have a knock on quasi censorship effect upon freedom of speech.

The ISP Review website contains all the links you need to read the proposal, and I should state that the draft is open for comment and contains specific questions that we should all maybe take time to think about and answer.

Big Brother is Watching You - PosterThe government want to protect people from slanderous remarks on blogs, as many people uses anonymity as a cover, feeling that they can say whatever they want without fear of reprise. The proposal is that any anonymous post that receives a complaint from any party must be removed immediately, or the name of the author made public, otherwise the blog owner will be held responsible and face the consequences of any libel case.

All well and good if we are just talking about a few snide remarks or even a good and possibly unjustified slagging off, but what about other uses of anonymity? People use blogs to anonymously blow the whistle on malpractice in all types of situation. In this case anyone can make a complaint about an anonymous post and it must be removed. An arbitrator looks at the complaint, but as already noted, any libel remains the responsibility of the blog owner unless they are willing and able to provide the author’s name. The effect will be that any organization or individual will be able to block the comment in an instant, by making a complaint that we could read as a direct threat to the blog owners survival.

The new draft on libel is a prime example of the manipulation of responsibility. Do you make the providers responsible and threaten them with a law suit because they put something online that someone takes exception to? They are big organizations, faceless and have money.  The blog owners do not however, and have a lot to lose.

So what about allowing your contributors to post anonymously? There is a need for anonymity in certain cases, people are much more likely to talk about sensitive issues if they do not have to reveal their names. There have been many cases brought to light that have turned out to be true examples of poor standards through anonymous posts.

How many blog owners will take the risk of going through a lengthy and expensive court case to defend the contents of an anonymous post? This is an option that in most cases I would think is not even feasible to contemplate.

To add just another thought, on occasion I have created a ‘false’ e mail account in order to register for a site that I did not want to have my real e mail address. I could have then used it to register with a website to get access to commenting, so it may well also be very difficult to determine who a named author actually is, further adding complications to already murky waters.