It was a ‘Fabulous’ week in Social Media, the mobile web and for financial bloggers.
I was in San Francisco as the Twitter developer (‘wink’ insider) conference raged and next week the Facebook world throws down in San Francisco for their developer conference . Mary ‘HOWIE ‘ Meeker was out with her regular quarterly missive (change a few slides) that the Mobile Internet will overtake the fixed internet . Maybe most importantly for the Goldman haters, on Friday, Goldman $GS realized that ‘Too Big Too Fail’ has a few drawbacks.
Twitter is big, but nobody knows how big . I have no idea if the new $TWIT ad platform will work, but when you raise $160 million pre-revenue, the pressure is on at some point. This is an exciting and dangerous time to be in the Twitter economy. Facebook developers have gone through this phase as well. Facebook is big and unstoppable despite the fact I have not found a core use for it. Social Media is bigger than e-mail . I imagine I ALREADY use my iPhone and iPad now for 50 percent of my internet viewing and that’s pretty insane. If I could blog well from weither, life would be grand.
While Twitter, Facebook, Linked-In and Google (very soon to be Apple $AAPL) wage war over the Social Graph and what it implies, the power of the graph plays out in the financial world.
Goldman IS the Social Graph of money and finance. The SEC will slow them down, but no matter how the Goldman Sachs saga plays out, there is much to learn from the power of the network.
Goldman’s problems are that of complexity and size.
They are not one of connection and brains. Goldman is EVERYWHERE money is flowing .
The best thing about the Social and Mobile web is the simplicity and the leverage. Eventually, the bankers will be fully involved. Eventually size and complexity will wreak havoc on us all.
In the meantime, you can be ‘Too Small to Fail’ and have a ‘Fabulous’ life if you know how to leverage it.
EVERYTHING is up for grabs and if you are negative about that, you are making my life easier. Thank-You.
i’m not making your life easier :)
on the contrary fred as your brain and links pour out to connect me and my wallet. now if the investments dont work, yes it is your fault.
good to see traditional capital increasingly flowing in all things social/mobile – it’s proving itself as the world’s infrastructure, i think there will be more opportunities as the playing field consolidates and matures. it’s just the beginning.
i love this video by $msft, go figure how they’ve allowed themselves get so behind, maybe the irony of this video, but social/mobile will be the glue that connects everything here: http://bit.ly/b3bP3r
oh god $msft has been archaic com[pared to the boldness of hewlett Packard
in their acquisitions .
Ok Mr. Fabulous.
You may predict the convergence of social web and finance but the fun is seeing it go down. Whatya thinking, virtual currencies? Full global electronic “bucks”?
We’ve been doing the information sharing dance with money since the exchanges opened up. And the speed & fluidity has improved BIG time. Money tracking is just another form of data, so now the Net and $$ are meeting up. Unfortunately attention is getting top billing by ads, hope to see something sexier pop up on the radar to convert our lust for infoporn into liquid capital.
the ad industry just makes me sad and angry. the ad game is worse than the
wall street game.
i'm not making your life easier :)
on the contrary fred as your brain and links pour out to connect me and my wallet. now if the investments dont work, yes it is your fault.
Ok Mr. Fabulous.
You may predict the convergence of social web and finance but the fun is seeing it go down. Whatya thinking, virtual currencies? Full global electronic “bucks”?
We've been doing the information sharing dance with money since the exchanges opened up. And the speed & fluidity has improved BIG time. Money tracking is just another form of data, so now the Net and $$ are meeting up. Unfortunately attention is getting top billing by ads, hope to see something sexier pop up on the radar to convert our lust for infoporn into liquid capital.
great movie.
its not twitters fault that unemployment is at 13 percent. that said, there
was some frolicing and navel gazing.
oh god $msft has been archaic com[pared to the boldness of hewlett Packard
in their acquisitions .
the ad industry just makes me sad and angry. the ad game is worse than the
wall street game.
good to see traditional capital increasingly flowing in all things social/mobile – it's proving itself as the world's infrastructure, i think there will be more opportunities as the playing field consolidates and matures. it's just the beginning.
i love this video by $msft, go figure how they've allowed themselves get so behind, maybe the irony of this video, but social/mobile will be the glue that connects everything here: http://bit.ly/b3bP3r
13% unemployment in California while Twitter insiders frolic in San Fran. Social Media empowering violent flash mobs in Philadelphia. Government sues Government Sachs. The center cannot hold. The falcon can’t read the falkenblog.
great movie.
its not twitters fault that unemployment is at 13 percent. that said, there
was some frolicing and navel gazing.
It’s certainly not Twitter’s fault that CA’s employment is at 13%, but that’s an example of the disconnect I blogged about a while back (“2010 = 1982 + 1999?”). Social media is like the stock market in that today’s buzz is prompted by the potential of future earnings. Ultimately, those earnings have to come from the real economy.
Stock market investors and venture investors in social media companies seem to have a rosy view of the real economy’s future in the near term. I hope they’re right, but I’m skeptical.
13% unemployment in California while Twitter insiders frolic in San Fran. Social Media empowering violent flash mobs in Philadelphia. Government sues Government Sachs. The center cannot hold. The falcon can't read the falkenblog.
It's certainly not Twitter's fault that CA's employment is at 13%, but that's an example of the disconnect I blogged about a while back (“2010 = 1982 + 1999?”). Social media is like the stock market in that today's buzz is prompted by the potential of future earnings. Ultimately, those earnings have to come from the real economy.
Stock market investors and venture investors in social media companies seem to have a rosy view of the real economy's future in the near term. I hope they're right, but I'm skeptical.