‘Nets Big Thing

Posts Tagged ‘Facebook’

MySpace has announced that it is planning to launch a new “Editor’s Pick” category in its application directory next week, allowing members to quickly sift through the platform’s best apps. MySpace had previously shown a handful of featured apps as users browsed its Apps Directory, but these rotated and there was no way to browse through them. Now, users will be able to access a stable list of the best apps as determined by a team of MySpace employees who work with the applications on a daily basis (all apps will be chosen by merit, not through paid sponsorships). Read the rest of this entry »

Editor’s Note: Social networks are taking off in China. The following guest post by George Godula. David Li, and Richard Yu explores how Chinese social networks are pursuing different business models than their American counterparts, relying more on micropayments and the sale of virtual goods. George Godula is the founder of Web2Asia, an East Asian incubator and also a consultancy for Western startups trying to enter markets in China, Japan and Korea. David Li is a developer of social networking applications such as Growing Gifts, and he also was the developer of OnChat, an early in-browser graphical avatar chat system. Richard Yu is a Seattle native living in China, where he consults for Shanghai-based web startups while writing his blog.

Despite China’s massively growing internet market, international giants like Google and Facebook are having trouble making gains with the 300 million Chinese online users. China’s netizens are on average very young – 66.7 % of them are younger than 29 years old and 35.2 % of them are teenagers—with social networking and entertainment applications being the most popular. Read the rest of this entry »

Here’s a heck of a rumor that we’ve sourced from two separate people close to the negotiations: Google is in late stage negotiations to acquire Twitter. We don’t know the price but can assume its well, well north of the $250 million valuation that they saw in their recent funding.

Twitter turned down an offer to be bought by Facebook just a few months ago for half a billion dollars, although that was based partially on overvalued Facebook stock. Google would be paying in cash and/or publicly valued stock, which is equivalent to cash. So whatever the final acquisition value might be, it can’t be compared apples-to-apples with the Facebook deal. Read the rest of this entry »

A big difference between Facebook and MySpace has always been how the two companies approach the privacy of user data. At MySpace your profile is public by default and users can choose to make it private (except under 18 users, who default to private). At Facebook, your profile information has always been private and shared with your friends and, optionally your network (your school, company or geographic location).

Starting today, though, users can change their privacy settings to make virtually all of their profile information public. Read the rest of this entry »