things I read yesterday … 05/20/2008
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Guillaume’s blog » Blog Archive » The problem with banking innovation and how to fix it.
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Banks are now at a most critical time and their ability to innovate in sustainable business models will be key to their survival. Nouriel Roubini noted this morning that banks’ unsustainable “originate & distribute” business model of the last few years is crumbling with the broken “prioritization food chain”.
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Many sources inside and outside Facebook with knowledge of the company said a sale was unlikely and pointed to an IPO as the exit for its investors.
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The Microsoft vs Google Endgame – Harvard Business Online’s Umair Haque
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That’s why it’s a (massive) fallacy to argue that any value has been “created”. Value might be created when connected consumers can share and trade preference information or applications across social nets. But value is actually foregone if Microsoft acquires a closed Facebook, because opportunities for consumers, developers, and advertisers alike to meaningfully interact are destroyed. That’s what evil really means: coercing others into accepting value destruction.
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BuzzMachine » Blog Archive » @Facebook @Shark: jump?
The FaceBook effect debate – open vs closed
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At the same time, I’ve become less addicted to Facebook because there isn’t enough there. That could be because I hang with old farts, who’ve cooled on the fad. But it’s more likely because Twitter has become a more meaningful platform for keeping in touch with friends (though that, too, could change). Though Facebook still has more functionality enabling me to organize those friends, Twitter is better at distinguishing acquaintances (the followers) from friends (the followed). That is, whereas on Facebook, I have — I’m sorry to say — 1,030 ignored friend requests, on Twitter, I have 1,765 followers. Twitter has learned from Facebook’s mistakes. So has Google.
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