The media has had a field day, following the IPO of Snap Inc. The camera company is either “running on old ideas” by reportedly working on a drone, or at the worst, you and “all your friends” are leaving Snapchat.Read More
Facebook was hardly the most adored of companies before going public in May, but few could have predicted the landslide in stock price that has greeted the company since it started trading on May 18. Wiping billions of dollars from founder Zuckerberg’s personal fortune; the social network company is now the second-worst performer of all IPOs in the US so far this year (according to IPOScoop.com).
Do you ever get the feeling when talking to someone unaware of the concept of a socially connected online world (the Grandmother in my example), that they just don't understand the value of social media? The idea, while seeming wholly legitimate to yourself just seems preposterous to them, no matter how much you demonstrate or present.
This sort of thing happens on the trading floors of NASDAQ as well; but the interpretation is quite the opposite, as you've probably seen from the tumbling stock price of Facebook, since Zuckerberg rang the bell. As investors look upon a social network they don't see community, they see influence and a possible return on their investment. This is a fair enough analysis of the situation, anybody would want to see their money returned with extra; but in the grand scheme of things it's a fatal blow to the very product they're investing in.
Ever clicked on a Facebook link and found it shared to your profile, projected to your reems of friends without your prior permission to share said link? Clickjacking has been a rather nasty thorn in the sides of many-a-user of the social network, and Facebook aren't going to take it anymore, as they take Washington-based marketing company Adscend Media to court over accusations of unwanted spam-causing practice.