Thursday, November 24, 2016

India: The Next Big Destination for Facebook

Facebook logo
Spreading Out: Going Deep - Facebook

Developing a keen focus on building strong business partnerships, Facebook has reserved its big guns for India.

With India being a key growth market for the popular social networking giant, Facebook is working overtime to develop solutions for businesses of all kinds here. In a report published by the Indian Express, Facebook has said,"We(India) are leading the charter for the emerging markets for Facebook." The report quoted Umang Bedi, its newly appointed India and South East Asia Head as saying that the Indian market, part of the Asia Pacific market.

Stats
  • India has 166 million monthly active users.
  • A whooping 85 million daily active users, 81 million of them from their mobile phones.


Facebook has grown out of focusing just on FMCG and eCommerce industries and is now focusing on eight key verticals, with dedicated teams working actively for them - Retail, Travel, Financial Services, Techno, Telecom and Auto.

What's even more awesome is that Facebook's training platform - Facebook Blueprint has hit a record 1 million enrollment, with India being the 2nd largest contributor to this number.

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Wednesday, November 16, 2016

More Trouble for Facebook - Inflated Numbers, Botched Algorithm

Mark Zuckerberg standing in front of a Facebook sign
More Trouble in the Horizon
Finally, it's over! The US election and the year and a half build up to this giant clusterduck has been an exhaustive experience for a guy who takes keen interest in international news and its implications. I am sure it has been the same for you as well. Well, amidst all of this brouhaha over deserved to win and who deserved to be put behind bars, the sexist comments and leaked emails that never really proved anything, we realized one thing - social media had clearly over taken the mainstream media in every aspect of news and how we consumed the same.

For the average citizen, Facebook, the popular social network has been a content consumption platform, even a second one. However, some researchers have pegged the number between 44-60% - of US citizens who have taken Facebook as the primary source of information. While this might be great for marketers like you and I, it's totally not for the inherent objectivity of news.

With Facebook admitting their automated content curation being a dud, it's obviously not a great news for advertisers when Facebook has admitted to botched data. In a stunning find by Gizmodo, Facebook admits to miscalculating view counts in some of the ad reporting systems.

Facebook reported that their correction happening over the next few weeks will reduce the unique reach (28 day period) by over 55% in some cases. Along with the reach, video view counts, instant article views and referrals via apps have also been inflated.

With a horrible week for Facebook, you're bound to wonder - what next?

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Saturday, September 24, 2016

Twitter Finally Up for Sale: Formal Bidding Soon

twitter logo
Twitter up for Sale

Notice Twitter's shares jumping 20% at the stock market? That's because Google and Salesforce have shown interest in acquiring the micro-blogging site. This is on top of Microsoft and Verizon approaching Twitter sometime this year. 

Twitter's estimated value rose from $13 billion to $15.5 billion amidst buzz of zeroing in to the final winner of this race. Sources told CNBC that Twitter has been secretly up for sale for over a year now. After replacing its CEO Jack Costolo with Jack Dorsey, the board of directors have been constantly looking at a suitable buyer. 

Although Twitter did try a lot of options- buying Live-streaming rights to Periscope, it's revenues and user numbers have been stagnant for a long long time now.

While all the potential buyers have acquired companies big and small - Microsoft - LinkedIn, Verizon - Yahoo, there are still no clear favourites for this race.

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