From BusinessWeek comes a long profile of the Facebook economy. As I discussed on 10 August 2007, Facebook has become very popular as the service opened its APIs to third-party applications last 24 May. Slide recently received a US$50 million round of venture capital funding, based on that company’s suite of Facebook widgets like Top Friends, SuperPoke and FunWall. That seems like crazy money, considering that these f8 applications are little more than features in a social network. Gigaom.com points out that the recent acquisitions of MySQL, BEA and Skype don’t make much sense, either.
Security is another major risk. A cracker named DMaul recent posted a 17 gigabyte file of photos that he downloaded from thousands of private MySpace profiles, according to this report in Wired. The massive file was posted on BitTorrent, and includes photos posted by 14- and 15-year old MySpace members. MySpace makes profiles private by default for that age group.
Tags: API, BitTorrent, economy, facebook, key-success-factors, ksf, myspace, MySQL, network, oracle, security, Skype, social, sun, USA
Print This
Add New Comment
Thanks. Your comment is awaiting approval by a moderator.
Do you already have an account? Log in and claim this comment.
Add New Comment
Trackbacks
(Trackback URL)