Leosghost - 6:36 pm on Aug 2, 2012 (gmt 0)
The Russian wasn't mad, Facebook's data is very very valuable, but Facebook never thought of another way to use it than charging highly for ads to display, and allowing fake accounts and bots to burn advertisers clicks and money..maybe because they ( Mark and "the insiders" ) were never really interested in the long term business model ..just hyping the figures, hyping the stock ( pre IPO ) running away with the IPO day money..
I think Mark only kept "control" in case someone came/ comes to him with a way to convert that detailed profile data that "the users" would accept..
As a short term "pump and dump" plan it has worked, but it has been a terrible waste, so far of very good data..
Mobile use doesn't suit the way the ads are displayed, the ads are too expensive, the "fraud control" on the PPC and the PPL is laughable, if not actually deliberately fraudulent ..
The constant re-jigging of "the privacy controls" to make more data public got up everyone's noses, especially the legislators in the EU..
By the time they work out how to use the data they have and give an honest deal to their advertisers and users ..the next fad will have left them behind..
955 million active users and rising.
what part of "fake" as in, "fake, accounts, numbers, users, bots, share price valuation figures" is it that you are not getting ?..
Facebooks own figures about anything to do with them, including membership numbers and growth in members are as fake as the accounts , the likes and the IPO valuation..even a large part of the profile data is fake, the waste is the part of the profile data that is not fake, and the tracking that Facebook has been doing on the real accounts..
Zynga are also in serious trouble over their fake figures and their IPO and shares..