It hasn’t yet been six years since the start of the smartphone revolution and we’ve already become an “always on” culture. At least, that’s the temptation. Those who submit can be called The Immersives: checking e-mail, keeping tabs on Facebook “friends,” debating on Twitter, snapping photos of food for Instagram. It would be rare if any of us didn’t have at least one toe dipped in the stream.
With “Graph Search,” Facebook’s newsearch engine announced Tuesday, the world’s largest social network has finally begun to index a trove of Big Data that’s been piling up for years. Even Facebook probably doesn’t know what’s been deposited in by its 1 billion members. Suddenly there is a way to find out.
Facebook wasted no time acting with impunity by (once again) diluting member privacy protections this week. But it needn’t have hurried. Any semblance of democracy was washed away at noon Pacific Time Tuesday, when a vote to have votes on policy changes went down in flames. It solidified the world’s largest social network’s rule by fiat. This may be good for business now, but in the long-run it could backfire.
Instagram, the mobile photo sharing app that Facebook bought for about $700 million, has been doing something new over the past few weeks. Up until now, one couldn’t see all of a user’s Instagrams online, the way you could, say, see all of a Twitter users’ tweets. But in recent weeks, users’ collections have been uploaded to the Internet automatically (see my profile page as an example). Instagram never bothered to ask for permission. Don’t want people to be able to easily access all your pictures from your Web browser? Too bad.
Facebook has reached an almost unimaginable milestone: 1 billion people are active users. It is hard to get your head around that number, which represents one-seventh of the world’s population (and not every one of us even has Internet access). It’s almost half the total number of people estimated to be on the Web at the beginning of this year.
Facebook has now gone through its first trial by fire as a public company, slightly exceeding revenue expectations (with $1.18 billion) but showing a big loss in its first reported quarter ($157 million). Facebook shares were pummeled in after-hours trading; the company’s market cap has been slashed in half in just 10 weeks.