Lesson: How BIG is Facebook?

A recent blog post for DP students highlights key ideas from the YouTube video, How Big is Facebook? Not only is the content highly relevant to ITGS, but it is an opportunity for students to interact with each other as they watch the 14 minute clip. This blog will not repeat the ideas stated in that student blog: How BIG is Facebook?, but will focus on how can we interact with the information presented in the video and setup a ...

Facebook – ten years old, but showing its age?

Facebook is the world’s most popular social networking site and today it is celebrating its tenth birthday. Created by Mark Zuckerberg in his bedroom when he was a student at Harvard, it has become one of the greatest internet success stories of all time. Now, over 750 million users login every day and after ten years of poking, liking posting and sharing – it now has more than a billion registered users worldwide. So how does Facebook makes its profits? Well, ...

Timing is all – heading for the exit

I recently posted about Facebook and its Nasdaq launch in May. In the first five minutes, 100 million shares were traded and this initial frantic demand drove the shares well above their offer price to $42. However, the price fell back to end the first day of trading at $38.23. As I wrote at the time, many analysts doubted whether Facebook was worth its initial valuation.  For example, Sam Hamadeh, co-founder of PrivCo, commented that “After the first couple of ...

S-commerce: liking and sharing

  Business commentators like to develop short hand labels to describe a range of commercial activities and customer behaviours. The growth of social media has provided many opportunities to extend the use of these labels further. Social commerce or s-commerce is the use of social networks and social media tools to support and encourage e-commerce transactions by enabling consumers to obtain advice from trusted individuals, find goods and services and then purchase them. The social networks that spread this advice have the ...

A rewarding time to be a facebook ‘friend’?

Facebook was founded by Mark Zuckerberg in 2004, while he was attending Harvard University. In one of the biggest ever US stock flotations, the company launched Friday on the Nasdaq Stock Market with a starting price of $42 a share under the symbol “FB.” Mark Zuckerberg remotely rang the morning bell on this Initial Public Offering (IPO) at 9:30 EST from Facebook headquarters in Menlo Park, California, essentially becoming billions of dollars wealthier in that moment. No American has company ...

IB ChemTeach

Are you on Facebook? -nowadays it is more unusual to find people who are not on Facebook as opposed to people who are on it. I have just got back from running a Level 1 & 2 workshop. One of the participants was very keen to get an IB Chemistry Teachers facebook group together and has gone ahead and created a group. It is aimed at IB Chemistry teachers and its purpose is to share ideas and resources. You can find ...

Valuing dot-coms: the new social media bubble

The development of e-commerce has seen some huge peaks and troughs. In its infancy, e-commerce experienced a significant speculative boom lasting from 1995 to 2000, when global stock markets saw their values rocket on the founding of thousands of Internet-based businesses referred to as ‘dot-coms’. On March 10, 2000, the technology dominated NASDAQ Composite index, peaked at 5,048.62, more than double its value just a year before previously. Investors began to doubt the credibility of many of the business models. ...

FB – it’s getting bigger and better…

With more than 35 million users, Indonesia is currently the second largest Facebook market in the world. Despite its relatively slow Internet connection compared to other countries, its growth rate from year to year has been tremendously high. In his blog, Nick Burcher reports that Indonesia has jumped from having 209,760 users connected in July 2008 to 25,912,960 users in July 2010. Why is Facebook that popular in Indonesia? Julian Putra cites 3 reasons : culture - mobility - simplicity. Culture - “Indonesia is Facebook in real life. ...

Visioning the Future

The world of the internet and the web 2.0 environment is both exciting and challenging. The pace of change is extraordinary. Social media, in particular, is growing at explosive rates. Can you believe that Twitter with over 200 million users is only five years old? Gary Hayes is an award winning multi-platform producer and author. The following are some of the statistics recorded on his blog: 107 trillion emails sent during 2010 - Source Jan 2011 Apps installed by users on Facebook ...