January 6, 2013
The second annual Year End Stats Report from social media intelligence platform Trendrr indicates that 2012 saw a major surge in social interaction involving TV programs, with significantly increased chatter across Twitter, Facebook and various social apps. Growing interest in social TV chatter was also evidenced by the recent Nielsen announcement to create the Nielsen Twitter TV Rating. Continue reading Report: Social TV Chatter Sees Dramatic Increase in 2012
By Emily Wilson
December 30, 2012
According to sources briefed on the company’s plans, Facebook “is set to unveil a new video-ad product in the first half of next year in its largest attempt to date to attract big swaths of ad dollars from TV advertisers,” reports Ad Age. Those same sources said the company will “offer video advertisers the chance to target video ads to large numbers of Facebook users in their news feeds on both the desktop version of Facebook as well as on Facebook apps on mobile phones and tablets,” according to the article. Continue reading Facebook to Aim for TV Dollars by Delivering Video Ads to News Feed
By David Tobia
December 21, 2012
While Facebook’s upgraded Nearby local search feature may threaten Foursquare one day, the current Foursquare product still performs much better than Facebook’s, according to GigaOM. Facebook has a much larger reach (600 million mobile users compared to about 25 million for Foursquare), but offers an inferior search feature. The Facebook feature uses friends’ check-ins, recommendations, and likes to help users find local places, but because most Facebook users do not check in or interact with local businesses on the social network, the feature does not work optimally. This feature could be valuable if Facebook could convince more people to use check-ins and recommendations. Continue reading Nearby Local Search from Facebook is Not Quite a Foursquare Killer
By Rob Scott
December 17, 2012
Facebook will offer improvements to its privacy settings by the end of the year to allow users to change and understand their privacy settings without going to a remote privacy settings page.
The social network will provide a dropdown box on “almost every page,” reports The Atlantic. Facebook will also include messages alongside posts to help people understand who can see the specific status update or picture.
Changes to the privacy settings are intended to help people understand who can see content, and to help users target and remove inappropriate or unwanted content.
The changes will not affect Facebook’s data sharing, and Facebook will continue to leverage user data to build targeted advertising.
While The Atlantic classifies the changes as mostly “cosmetic,” it still says they are important because simplifying privacy control could help Facebook gain user trust.
By Rob Scott
December 17, 2012
After two months of testing, Facebook Gifts is rolling out publicly to U.S. users. TechCrunch predicts that Facebook could earn between $127.5 million and $1.02 billion per year with the social commerce product.
“It lets people choose a friend, often someone who’s birthday or wedding it is, and give them a real-life gift or gift card,” explains the post. “At first it only allowed a few users to access the beta, but then let the service grow organically so anyone who received a Gift gained the ability to give them. It dropped another couple tens of millions of users into Gifts in late November, and now is finally publicly available so anyone in the U.S. can give to other people stateside.”
Since the social network currently touts roughly 170 million U.S. users, the earnings potential is massive. TechCrunch maps out this potential based on number of users and an assumed average gift amount, and speculates that Gifts could account for 3 to 24 percent of the social network’s annual revenue.
“Basically, Gifts will complement Facebook’s advertising and gaming revenue but won’t replace them,” suggests the post. “If it made $510 million a year, that would be $3 per year in additional average revenue per user in the U.S. That would nearly double the U.S. ARPU from $3.40 to $6.40.”
Of course, if successful, these numbers could increase dramatically with an international release.