FACEBOOK MARKETING – What Do Users Think of It?
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Assets.Kpmg › Content › Dam › Kpmg › Pdf › 2012 › 05 › Report-2012.Pdf
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CWD FTC Facebook Credits Complaint
June 28, 2011 VIA EMAIL AND FEDEX OVERNIGHT Donald S. Clark Secretary U.S. Federal Trade Commission 600 Pennsylvania Avenue, NW Washington, D.C. 20580 Re: Facebook, Inc. and Facebook Credits Dear Secretary Clark: Enclosed is a Complaint, Request for Investigation, Injunction, and Other Relief submitted by Consumer Watchdog regarding Facebook, Inc. and its virtual currency, Facebook Credits. As explained in the complaint, Consumer Watchdog believes that Facebook is engaging in anticompetitive and unfair business practices in the market for virtual goods purchased in social games through its Facebook Credits terms with game developers. We request that, pursuant to the Federal Trade Commission’s authority under section 5 of the Federal Trade Commission Act and 16 C.F.R. § 2.5, the Commission investigate Facebook’s anticompetitive conduct and enjoin Facebook from engaging in conduct that violates sections 2 and 1 of the Sherman act, and section 5 of the Federal Trade Commission Act. Please let me know if you have any questions. Sincerely, Harvey Rosenfield cc via email: Jon Leibowitz, Chairman William E. Kovacic J. Thomas Rosch Julie Brill Edith Ramirez Before the Federal Trade Commission Washington, DC In the Matter of ) ) Facebook, Inc. and ) Facebook Credits ) ) ________________________________) Complaint, Request for Investigation, Injunction, and Other Relief I. Introduction 1. Consumer Watchdog submits this Complaint to the Federal Trade Commission (“FTC” or “the Commission”) requesting an investigation and injunctive relief concerning the anticompetitive terms and impact of Facebook Credits, an ambitiously revamped virtual currency system recently announced by Facebook, Inc. (“Facebook”), the dominant social networking company in the United States and the world. -
Facebook Coin: What's the Realistic Angle?
MARCH 14, 2019, 6:16PM EDT Facebook Coin: What’s The Realistic Angle? BY RYAN TODD It’s that time of year, the post-earnings lull where equity analysts take time to digest new company information and either reaffirm their views or offer material changes to their theses. For some looking to make a splash, the occasional brow-raising bold calls trickle out as well. This week, Barclays’ internet analyst Ross Sandler released a note to clients which walked through his bullish view on Facebook Coin, suggesting the project could unlock as much as $19 billion in incremental revenue by 2021, and a conservative base-case forecast of $3 billion. That’s not a typo. Initially reported back in December by Bloomberg, Facebook’s blockchain team has apparently been developing a stablecoin for payments within WhatsApp. More recently, the New York Times published a report, showing the surprising speed of development of Facebook’s stablecoin. According to the report, Facebook had held talks with exchanges about listing its stablecoin, which will be pegged “to a basket of different foreign currencies, rather than just the dollar.” Additionally, the Facebook blockchain team is prepared to launch this stablecoin in the first half of 2019, according to NYT. Here’s what you need to know: Facebook’s experiment with Facebook Credits offers FB Coin clues Based on Barclays’ channel checks and note to investors, FB Coin may actually start out as a single purpose virtual token that mimics the functionality Facebook Credits offered in the early 2010s. Facebook Credits was a program that allowed the purchase of an in-platform token with a credit card/PayPal ($1 = 10FB credits) in order to use as a currency for paid applications and in-game items. -
Facebook Credits 2012 a Merchant's Perspective
Facebook Credits 2012 A Merchant’s Perspective The Leader in Social Entertainment February 23, 2012 _________________________________________________________________________________________________ Facebook Credits Overview Facebook Credits are a virtual currency that can be used to buy virtual goods, digital goods and other select products on the Facebook platform. They can be purchased using a credit card, PayPal, a mobile phone, gift cards and 50+ payment methods in 47 currencies. This form of payment was introduced to make it easy to pay for virtual goods and currency in applications across the Facebook platform. Facebook Credits are valued at approximately $0.10 each, but discounts are available when bought in bulk. Facebook keeps 30 percent of transactions and the developer keeps 70 percent. So if a merchant charges 100 Credits ($10.00) for a virtual or digital good, Facebook earns 30 Credits or $3.00 per transaction and the developer retains $7.00. On July 1, 2011, Facebook Credits became mandatory for Facebook Games and Facebook Deals; and are highly recommended for all other applications on Facebook. Facebook Credits can be purchased or earned and can be used for digital goods such as movies and music, but cannot be used for physical goods like clothing or DVDs. Facebook Credits are valid worldwide and can be subject to state and local tax if the digital good is a taxable item. Users accumulate Facebook Credits in their Facebook accounts. Facebook Credits can be purchased or earned outside of Facebook, on merchant websites for example, but can only be spent within the social network. An entertainment company or merchant can give Facebook Credits to users as an incentive or they can receive Facebook Credits for payment on their virtual or digital goods. -
Facebook V. Profile Technologies
/% 1 Timothy L. Alger, State Bar No. 160303 [email protected] V 2 Sunita Bali, State Bar No. 274108 [email protected] 0 PERKINS COIE llp 3 -£ 3150 Porter Drive 4 Palo Alto, CA 94304-1212 Telephone: 650.838.4300 5 Facsimile: 650.838.4350 6 Attorneys for Plaintiffs Facebook, Inc. and Facebook Ireland Limited 9 UNITED STATES DISTRICT COURT 10 NORTHERN DISTRICT OF CALIFORNIA 11 SAN JOSE DIVISION » O Q 12 1 3 0 4 51 13 FACEBOOK, INC., a Delaware Case No. corporation, and FACEBOOK IRELAND 14 LIMITED, an Irish company, COMPLAINT FOR BREACH OF CONTRACT 15 Plaintiffs, [DEMAND FOR JURY TRIAL] 16 v. 17 PROFILE TECHNOLOGY, LTD, a New Zealand company; and CHRISTOPHER 18 CLAYDON, an individual, 19 Defendants. 20 21 Plaintiffs Facebook, Inc. and Facebook Ireland Limited(collectively "Facebook"), by and 22 through undersigned counsel, hereby allege as follows: 23 I. INTRODUCTION 24 1. Facebook permits certain application developers to access and use information that 25 is available on Facebook's services, providedthat they agree to and comply with Facebook's user 26 and developer agreements. Profile Technology Ltd. ("Profile Technology") and its CEO, 27 Christopher Claydon C'Claydon") (collectively "Defendants"), obtained access to such data as 28 COMPLAINT AND DEMAND FOR JURY TRIAL part of their contractual relationship with Facebook. The data included information posted by and 2 about Facebook users ("User Data"). 3 2. Defendants copied User Data onto Defendants' computer servers for their own use 4 and made it accessible to others, for Defendants" commercial benefit, on Defendants' website, 5 www.profileengine.com. -
30-Minute Social Media Marketing
30-MINUTE SOCIAL MEDIA MARKETING Step-by-Step Techniques to Spread the Word About Your Business FAST AND FREE Susan Gunelius New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto To Scott, for supporting every new opportunity I pursue on and off the social Web and for sending me blog post ideas when I’m too busy to think straight. And to my family and friends for remembering me and welcoming me with open arms when I eventually emerge from behind my computer. Copyright © 2011 by Susan Gunelius. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. ISBN: 978-0-07-174865-0 MHID: 0-07-174865-2 The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-174381-5, MHID: 0-07-174381-2. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every oc- currence of a trademarked name, we use names in an editorial fashion only, and to the benefi t of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. -
The Value of Pre-Launch Twitter Volumes in Predicting Initials Sales
The value of pre-launch Twitter volumes in predicting initials sales of new cars MSC Business Studies Marketing Thesis by Jorrit Stein 10618015 First supervisor: Ms. E.Korkmaz Second supervisor: Dr. Umut Konus Final version January 30, 2015 1 Statement of originality This document is written by Student Jorrit Stein who declares to take full responsibility for the contents of this document. I declare that the text and the work presented in this document is original and that no sources other than those mentioned in the text and its references have been used in creating it. The Faculty of Economics and Business is responsible solely for the supervision of completion of the work, not for the contents. 2 Index Abstract ................................................................................................................................................... 4 Introduction ............................................................................................................................................. 5 Literature review ................................................................................................................................... 10 Predicting car sales ............................................................................................................................ 10 Advertisement ................................................................................................................................... 13 Web data based forecasting ............................................................................................................. -
Guerrilla Marketing - and Its Effects on Consumer Behavior
BACHELOR THESIS Spring 2012 Kristianstad University International Business and Economics Program Guerrilla Marketing - And its Effects on Consumer Behavior Authors Sandra Belić Emelie Jönsson Supervisor Christer Ekelund Examiner Timurs Umans Abstract As consumers are getting better at avoiding the traditional marketing campaigns companies are using, it has become crucial for companies to differentiate their marketing. One way of doing this is to use guerrilla marketing, a marketing type more extreme, innovative and attention capturing than traditional marketing. The purpose of this thesis is to explore how the use of guerrilla marketing affects consumer behavior in terms of brand attitude, brand image and purchase intention. Moreover, the effect on Word-of-Mouth will be explored, as this is a crucial implication if the guerrilla campaign is to be perceived as successful. Based on marketing theories and consumer behavior theories, an experiment is conducted through a focus group seminar, to determine if guerrilla marketing campaigns are perceived as being more creative and credible than traditional marketing campaigns. Furthermore, these determinants are used as instruments to study the effect on brand attitude, brand image and purchase intention. The study is exploratory and the chosen method is a qualitative data collection. The findings indicate that guerrilla marketing campaigns affect all consumer behavior elements, studied in our thesis, more than their equivalent traditional marketing campaigns. Suggestions for further research include studying if there is a cultural difference in how guerrilla marketing is perceived. This thesis may be useful in increasing companies’ understanding of the concept of guerrilla marketing and how this can be used in a successful way. -
Credits' 25 January 2011, by BARBARA ORTUTAY , AP Technology Writer
Facebook to require games to accept its 'credits' 25 January 2011, By BARBARA ORTUTAY , AP Technology Writer (AP) -- Facebook will require all games on its site to accept payments through its own virtual currency system beginning July 1. Although game developers won't have to use Facebook Credits as their only in-game currency, those who do will get special incentives, such as early access to new product features and more desirable targeting for ads, the company said. Facebook gets a 30 percent cut when developers use Credits to sell virtual goods and other items. Although Facebook relies mostly on advertisements to make money, the payments system lets Facebook broaden its revenue sources. Deborah Liu, a platform marketing manager at Facebook, said in the blog post Monday that more than 350 applications from 150 game developers already use Credits. That accounts for more than 70 percent of all virtual goods transactions on the site. Facebook users can use virtual currency to buy items such as special crops in "FarmVille" and virtual deep fryers in "Cafe World," both from Zynga. Credits can be purchased through Facebook using PayPal, credit cards or a mobile phone account. Facebook, which is based in Palo Alto, Calif., said it plans to work with developers who don't use Credits yet to get feedback and make improvements to the system. ©2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. APA citation: Facebook to require games to accept its 'credits' (2011, January 25) retrieved 2 October 2021 from https://phys.org/news/2011-01-facebook-require-games-credits.html This document is subject to copyright. -
Facebook: a Like Story Why Investors Shouldn’T Fall in Love
Facebook: A Like Story Why investors shouldn’t fall in love Edited by Jeffrey Goldfarb and Robert Cyran Cover design by Troy Dunkley 2 CONTENTS Preface ……………………….………. 4 The present ……………………….. 6 The past ………………………….… 14 Early days ……………………….…. 15 Growing up …………………….…. 22 Proud parents ……………….….. 32 The Future ………………………... 36 3 PREFACE WELL-FLAGGED - Facebook and its Chief Executive Mark Zuckerberg have raised some red flags for investors, including how the switch to mobile could be a big problem. REUTERS/Jim Young Facebook’s initial public offering is the seminal event of the capital markets in 2012. Breakingviews has followed the social network’s growth in analytical fashion since soon after it started in Mark Zuckerberg’s Harvard University dorm room in 2004. We’ve compiled a selection of some two dozen of these incisive stories to illustrate Facebook’s trajectory and increasing importance , from its origins as a site used by college students to a business with approaching a billion users and, after its IPO, potentially worth more than $100 billion. 4 “Facebook: A Like Story” kicks off with a timely, pertinent piece on how governments, rival businesses and Wall Street have become financially dependent on Facebook’s debut. The book also contains a handy number-cruncher - accompanied by an interactive calculator - that allows investors to value Facebook’s stock and see what assumptions are needed to reach the company’s indicated price of between $28 and $35 a share. Moving further back the company’s own timeline, the chapter entitled “The Past” explores how Facebook forged its path to domination in social media, often seemingly by the seat of its pants. -
Facebook Fake News in the Post -Truth World
9-717-473 REV: SEPTEMBER 14, 2 0 1 7 JOHN R. WELLS CAROLE A. WINKLER Facebook Fake News in the Post -Truth World Our mission is to make the world more open and connected. — Mark Zuckerberg1 Introduction In January 2017, Mark Zuckerberg, founder and CEO of Facebook was surrounded by controversy. The election of Donald Trump as the next President of the United States on November 8, 2016 had triggered a national storm of protests, and many put the blame at the door of fake news stories served up on Facebook’s Trending News Feed.2 Facebook had launched the service in January 2014 to deliver news stories that might be of interest to Facebook users, in addition to the automatic News Feed that told them what was going on in their social network. Individuals could select items that they were interested in, but an algorithm served up news items that might appeal based on past reading habits and those of their close friends.3 The argument against Facebook was that this process polarized public opinion, fueled prejudices and encouraged the bitter partisan character of the election campaign.4 Some claimed that fake news, propagated through News Feed, supported the rise of anti-establishment sentiments amongst groups that felt left behind by the establishment elite.5 Zuckerberg was unapologetic. On November 10, 2016 he had commented, “Personally I think the idea that fake news on Facebook, which is a very small amount of the content, influenced the election in any way — I think is a pretty crazy idea.”6 He argued that fake stories were posted on both sides of the political spectrum. -
The Long Tail / Chris Anderson
THE LONG TAIL Why the Future of Business Is Selling Less of More Enter CHRIS ANDERSON To Anne CONTENTS Acknowledgments v Introduction 1 1. The Long Tail 15 2. The Rise and Fall of the Hit 27 3. A Short History of the Long Tail 41 4. The Three Forces of the Long Tail 52 5. The New Producers 58 6. The New Markets 85 7. The New Tastemakers 98 8. Long Tail Economics 125 9. The Short Head 147 iv | CONTENTS 10. The Paradise of Choice 168 11. Niche Culture 177 12. The Infinite Screen 192 13. Beyond Entertainment 201 14. Long Tail Rules 217 15. The Long Tail of Marketing 225 Coda: Tomorrow’s Tail 247 Epilogue 249 Notes on Sources and Further Reading 255 Index 259 About the Author Praise Credits Cover Copyright ACKNOWLEDGMENTS This book has benefited from the help and collaboration of literally thousands of people, thanks to the relatively open process of having it start as a widely read article and continue in public as a blog of work in progress. The result is that there are many people to thank, both here and in the chapter notes at the end of the book. First, the person other than me who worked the hardest, my wife, Anne. No project like this could be done without a strong partner. Anne was all that and more. Her constant support and understanding made this possible, and the price was significant, from all the Sundays taking care of the kids while I worked at Starbucks to the lost evenings, absent vacations, nights out not taken, and other costs of an all-consuming project.