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Another Blow To MySpace As 2010 Will Bring More Ad Revenues For Facebook

TechnologyInternet

2 months ago

image thumb122 Another Blow To MySpace As 2010 Will Bring More Ad Revenues For Facebook

MySpace is the story of yesteryears and it appears its not just the popularity that the once leading social network has lost but revenues suffer the same. The killer? Facebook obviously.The latest report puts it quite clearly that in the year to come Facebook will very easily surpass the ad revenues of its rivals in 2010.

Shock, yet another one for MySpace that is desperate to figure out a way to retain some dignity. The numbers count that Facebook will have a substantial $600 Million worth of spending from the marketers compared to $385 Million for MySpace. That’s just a over half of what Facebook is munching next year. That isn’t much surprising to me nor it should be for anyone reading this. Facebook’s traffic and user base has Sky Rocketed in the last four months to a mammoth 350 Million user mark which continues to grow at the same rate. MySpace on the other hand has no where been in news save for newer strategies been sought to boost the use of the social network.

So what exactly has Facebook got to grab such a massive market?

That is quite a simple question to answer and it should be turned around to ask what it hasn’t

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iMeem Finally Acquired by MySpace

TechnologyInternet

3 months ago

image thumb30 iMeem Finally Acquired by MySpace

Is the air getting fresher with news of acquisitions and more improvements? We have had Firefox doing great in Germany, Google coming out with Goggles and  now MySpace surfaces with the completion of its acquisition of iMeem. The two had been busy with the acquisition talks, etc for quite some time until today when MySpace bagged the online music service for $1 Million in cash.

While MySpace has definitely paid some price to acquire it, the benefits it will reap will be great. The major being the shift of iMeem’s 16 Million a month users to MySpace, which is in dire straits to grab any and every possible visitor out there to keep itself stable. While it is good for MySpace, things wont be too pleasant for iMeem’s employees. The key players in the workforce; Founder Dalton Caldwell, COO Aly Aydat, CTO Brian Berg and VP of sales David Wade will look over the transfer, with their primarily role being of consultants to ensure a smooth transition.

Things weren’t looking all that good either for iMeem and we were a bit skeptical after reports of it laying off 25% of its staff. We had said so then that it might very well sell itself to the highest bidder, which it has not. However, I would still be interested in knowing why exactly was this done.

Tags: acquisition, imeem, myspace

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Fashion comes to MySpace: MySpace Fashion, will it do as good as Music?

TechnologyInternet

4 months ago

image thumb53 Fashion comes  to MySpace: MySpace Fashion, will it do as good as Music?

While MySpace must be seeing quite some trouble when it comes to generating revenue and of course the traffic, its CEO is definitely on to socialize all content. I guess the idea is to transform MySpace into an entertainment portal as it focuses more on its platforms other than the social network. MySpace Fashion is in news this time after the facelift of its interface. The site offers news on everything related to fashion and styles coming from both famed and new designers. The community has grown quite a lot with over 500,000 members from MySpace as well as non MySpace members and it attracts youngsters between the 18 and 26 year age bracket. I guess that is so because of the content that is available on the site which is primarily for the same age group.

While it is quite popular but I suppose it wont be able to come anywhere close to MySpace Music. And with competition from many existing sites in the same category, it will have a tough time creating a niche for itself.

Tags: fashion, myspace, social network

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Should you hide behind your brand in the social media world?

TechnologyInternet

5 months ago


Brand itself has a personality.  I would think that's the purpose of a brand.  However, every human being working for that brand has their own different personality. And to mould that personality to be the same as the brand's personality, I would say it is totally impossible!  And if there are a few people handling the same account (e.g. Twitter) for the brand, we will never be able to feel the same tonality of the words to the world out there!  Where does the problem actually lie?

1318025368 5924496579 Should you hide behind your brand in the social media world?

The problem

Social media speaks about being personal.  It's about a person who is alive in front of you.  Brand can be a "person" too if they have structured out a proper Brand Personality Guideline for the social media!  But again, a brand in the social media will need to communicate consistently, whereas in the traditional media, the brand will only need to appear within an event, within a radio's airtime, within a newspaper coverage, within a television coverage and many other types of traditional media where the communication is only done in one way!

It will be very hard for a brand to create that same personality throughout the years to come... That's because if this particular employee has worked for a long time with the company, the personality comes from that employee and not from the company as a whole!

Any communication that comes from the company as a whole will be too slow to react with the social media because there will be too many real time commenting in blogs, forums, facebook, twitter, youtube and so on...  In social media, common spelling errors are ok because we appreciate real-time more than your missing "a" alphabet in your marketing communication.

One of the many solutions I can think of

The best solution is to come out and represent yourself as the employee of the company!  Stop hiding behind that brand of yours!  It is not going to be beneficial to the company, nor to you as well.

Why is it beneficial to the company?

Many employees have made it clear that any opinions that come from them are of theirs and not a representation for their companies.  This is obviously true because they are stepping out to be "one of us" in the community!  We will understand clearly that if there is any misrepresentation from that employee, we will want to pinpoint to the employee only (in most cases I think).

Why is it beneficial to the employee?

This is what I called "brand leverage".  Because this brand has spent a lot of money on the traditional media in the past, they have built an awareness of their brand already.  Many people will know this brand once they hear it.  And when they know that this particular employee is associated with the brand, they will want to get to know this employee even more!  It makes the employee more "marketable" in one way or another... But again, it is really up to the employee to make sense out of his opinions in the social media world because he will be exposed to the world out there in various sites such as LinkedIn, Facebook, Twitter, Friendfeed and so on... I will want to follow him wherever he goes!  One good example is Matt Cutts from Google.

But is this really possible?  Can you really come out from the brand and expose your identity?

While it is not a good idea to hide behind the brand in the social media, there are many other factors that the company has to consider beforehand.

  1. Some company cultures are really conservative.  They have a very strong "security" team behind the company which don't allow access to social media as far as they are concerned.  It is kind of a give-and-take thing.. Well in fact, this company may not even be able to participate in the social media!
  2. It is die or never kind of decision.  Because big companies may have never done such a thing to expose their employees as part of their "marketing tools" in the social media, they will definitely consider twice before they decide to expose their blogger's identity.
  3. Nobody has really got that kind of experience to blog/twitter/socialise for the company in the social media.  Well if they do, they are most likely have certain background (like myself?) which they enjoy socialising in the social media as part of their hobby after work.  If they don't have such an employee, they can only rely on agencies to help them with such campaigns which can be a huge expense and may never last in the long term.

Conclusion

Given the kind of working environment that we have, it is really a management decision if they wish to employ such a method of exposing their employees with their brands in the social media world.  Anyway, a lot of them (myself included) have exposed their employers' brand through their various social media profiles.

When a brand is setting out an online campaign, it seems to me that not many are very willing to expose their employees' identities when they blog.  And if they do, it is usually from the management themselves.  Sometimes, a blog by an engineer can be really interesting!

For those of you who are here by chance or you have subscribed to my feed, do you think it is a good idea for people to expose their identities if they are the authors of the brand campaign?

Photo credit: phantom kitty






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MySpace expands Twitter Syncing, adds six more countries

TechnologyInternet

5 months ago

image thumb52 MySpace expands Twitter Syncing, adds six more countries

MySpace has been busy syncing itself with Twitter and  it appears to have accelerated the process as it added half a dozen more countries. The service has been extended to Canada, India, New Zealand, UK, Australia and Ireland and users can visit the page here to sign up for the service. It has also got many celebrities syncing the two services, perhaps to win more users but the move itself is very positive. I would love to have stats on how many syncs have been performed so far and when exactly is MySpace planning to go global with this?

I didn’t want to bring Facebook here, but why isn’t Facebook heading along with it? Or is Facebook fine with FriendFeed?

Tags: myspace, social media, Twitter

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5 Reasons Why TweetDeck Tops Twitter Client List

TechnologyInternet

6 months ago

TweetDeck, an Adobe AIR based Twitter desktop client for staying in touch with latest happenings around you. TweetDeck is mostly used among Twitter users for tweeting both from desktop and iPhone. TweetDeck tops next to tweets sent directly from web with 13.11 % of Twitter user and 7.19 tweets / user. I personally love TweetDeck since their launch though you get hanfull og twitter application for link sharing. [ Read More ]


Am going to discuss why TweetDeck tops twitter client list with 5 simple and reasonable reasons

1) Managing Multiple Twitter Accounts - The first and fore most reason is ability to manage multiple Twitter accounts in single window, you can make tweet across multiple account with single click without switching between accounts. Am sure this primary feature attracts more twitterholics.

2) Organising Groups
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