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TR6BILL

Luke Skywalker
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How can <span style="font-weight: bold"><span style="font-style: italic">AIR</span></span> be worth so much?
 
If my dad were around he would believe that we actually pay for water :shocked:
 
It's an absolute goldmine of information for advertisers/marketers.

I often wonder if people realize the whole point of FB (from a commercial/business model perspective) isn't to let you connect with Aunt Edna. It's to mine your information, which people willingly give away for free and sell it to marketers.

It's similar to the model that the grocery store uses to track your buying habits by offering you a small discount on some items. Except with FB, it's your entire LIFE, not just your groceries and you're giving it away for free.

I am more concerned about on-line privacy with FB than I am with Google.
 
One problem with that Scott,

Scott_Hower said:
It's an absolute goldmine of information for advertisers/marketers.

...
Click to expand...

Advertisers are realizing that the people who use Facebook don't read them or click on them and starting to bale.
IE... GM.
 
DNK said:
One problem with that Scott,

Scott_Hower said:
It's an absolute goldmine of information for advertisers/marketers.

...
Click to expand...

Advertisers are realizing that the people who use Facebook don't read them or click on them and starting to bale.
IE... GM.
Click to expand...

That's because they are realizing that it's not an advertising medium, but instead a massive database of human data. That's where the value lies, in knowing everything that everyone does every minute of every day, and all because people cannot resist the urge to share such data.
 
But with a PE ratio of about 100(!), it's hard to imagine how it could make any money to justify its value. Supposed it can easly make a billion/year... which is squat for the alleged market value. If it had a PE of < than 20, it might be worth it. How does this thing increase in value as an investment (short of greedy people and their hopes temporarily driving it higher)?
 
Zuckerberg's model does depend upon the sale of ads to make his money. He whizzed so many folks off last year with that big change that FB Purity came along, which sorted it back to where it was AND killed off, as in dead, 100% of the ads. They don't show up at all.
In preparation for TimeLine, I deleted everything off my page. Scrooooooooow them. No data to mine. No ads to read, hence no sales..
I am interested in the IPO price....up, down, up, down.....gained twenty three cents, when the expectation was double the initial price....and google is kicking their californians.
 
"It's come from behind, now is the time..."

Elliot said:
If my dad were around he would believe that we actually pay for water :shocked:
Click to expand...

...or TV.
 
Yea, but we've always paid for water. Stop sending a payment and see what happens to the faucet... What we haven't done is pais do much for a plastic bottle.

I don't do social media myself, don't want people to know how boring my day to day life really is...
 
We had a well and a septic tank while I was growing up.
 
DrEntropy said:
We had a well and a septic tank while I was growing up.
Click to expand...

Yet another connection, Bro!
 
DrEntropy said:
We had a well and a septic tank while I was growing up.
Click to expand...
So did we. Best and coldest water ever, right out of the tap. Bummer was that if power went out (and we were on the end of the line) you lost water too -- no power for the pump.
 
Facebook can only reveal as much as you let it reveal. I keep mine on "lock-down", meaning that only my friends can see my posts, my info, and my pictures. If an outsider looks at my profile, all they see is my display picture, hometown/where I live/schools, and my name. Many, many people have their profiles wide open to everyone, and you can see anything you need to before actually meeting them in person.

I also post very, very rarely, like once every two weeks. And, what I do post is about my day (having a really bad day or good day, or a weird observation).

What you "like" does show a lot about someone however. I have a long list of "likes".

Be aware of what you say anytime that your being recorded, either when you write/type or are on film or audio.
 
Was listening to NPR when some fella was talking about how he sells <span style="font-style: italic">Likes</span> for a fee, fake names and all, so when your fb page comes up light on likes, you can buy as many as you need. How phony can you get?
 
DrEntropy said:
We had a well and a septic tank while I was growing up.
Click to expand...

I still do.

Facebook works well for me.
It keeps me in contact with my overseas relatives far better than any other method. My kids like it. And most of the guys in my racing community use it too.

By far, the biggest issue I've ever had with identity theft was when using my credit cards in a restaurant.
 
How else am I suppose to give my daughter a hard time
 
I'm on Facebook but reveal very little of my personal life, even in terms of wall posts, and hide most of my information... It's useful for me as it connects me to the local arts community that I'm heavily involved with, but that is about all I do with it...
 
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