In a blog entry last March, Is Social Media a Consumer Haven or Marketing Channel?, I discussed the disconnect in value exchange between social properties and their consumers. I went so far as to identify the pressure Facebook will feel when they become subject to quarterly earnings expectations after their IPO, and hypothesized the situation where they will increase the exposure of personal information to encourage marketers to spend with them. Well… the game is getting started…Brand View: Facebook’s New Targeting Options” and identified new elements of consumer data that will be available for marketers to leverage. I’m a firm believer in data driven marketing, this blog entry is not a comment about that. Rather, I point back to my initial conjecture that Facebook will do this and emphasize that this action will end up making no sense to consumers. Opposed to content rich sites like Yahoo or Microsoft properties, Facebook has no content, consumers create all of it but don’t yet recognize that it is their content and their profile are being monetized.
Mark my words… within three years, we’ll either see a Facebook with a dramatically new approach to monetizing their platform or a dramatically smaller company. Maybe both.
SURVEY by @markogne: Is Facebook the next Apple or the next MySpace? https://visitorcentricmarketing.com/2012/08/13/survey-is-facebook-the-next-apple-or-the-next-myspace/