Insider Chatter by Donna Bogatin

September 11, 2007

Startups: Why Facebook Platform is a Wolf in Sheep’s Clothing

fbd91107.jpg

Once the venture capitalists start crying over spilled Facebook milk, it is time to take a peek into the Facebook crystal ball. NO, not the multi-billion dollar Mark Zuckerberg IPO riches success story the world believes is a foregone conclusion, the Facebook vaunted “social graph” command and control platform cold shower that may very well be in the twenty-something’s cards.

FYI, Facebook groupies, the Facebook-centric Developers Terms of Service are there for good Zuckerberg reasons.

Facebook Application terms are indeed “worrisome,” a venture capitalist “source” has confirmed to me, for any business that follows the Web’s court jester–aka Esther Dyson–advice to forget proprietary, destination Web services and build your new Web business at Facebook!

Hey, just as you would seek out second opinions prior to any contemplated major medical procedure, READ THE FACEBOOK FINE PRINT before you pledge allegiance to Mark Zuckerberg.

To whet your prudent business development appetite, here are some not so tasty Zuckerberg disclaimer tidbits:

  • We do our absolute best to keep Facebook Platform up and bug-free, but you use it at your own risk.
  • You can’t show any ads or web search functionality on user profiles.
  • You must get signoff from us before releasing any formal press releases.
  • We reserve the right to charge a fee for using Facebook Platform and/or any individual features thereof at any time in our sole discretion.
  • Facebook may be independently creating Applications, content and other products or services that may be similar to your Facebook Platform Applications.
  • NOt CONVINCED FACEBOOK IS RISKY BUSINESS?

    Mr. Z himself has set his sights on overtaking Google, the very Google that the blogosphere has famoulsy believed to be old media’s best digital friend but is now proudy directly competing with every single Web-based media and publishing property for direct news consumption traffic at their world leading number one search engine.

    Mark has learned a few Web domination things from Sergey and Larry: How to be the Web’s Wolf in sheeps’ clothing is undoubtedly one of his multi-billion dollar lessons.

    ALSO: Social News Fraud: Digg Scams Even Fool Pew Research

    CONTACT DONNA BOGATIN

    Filed under: Google, Facebook, Social Media, Social Networks, Developers, Venture Capital, VC, Entrepreneurs
    Written by: Donna Bogatin @ 12:54 pm

     

    No Comments

    No comments yet.

    RSS feed for comments on this post. TrackBack URI

    Sorry, the comment form is closed at this time.

    Powered by WordPress | Copyright Donna Bogatin | Contact Donna