Karma could mean billions for Facebook.
Facebook acquired mobile commerce startup, Karma. This acquisition didn't get nearly the attention it deserved.
As Chris Dixon wrote about Facebook's Business Model:
The key question when trying to value Facebook’s stock is: can they find another business model that generates significantly more revenue per user without hurting the user experience? (And can they do that in an increasingly mobile world where display ads have been even less effective.)
If they do that, the company is probably worth a lot more than the expected $100B IPO valuation. If they don’t, it’s probably worth a lot less.
Karma has proven that it can create great e-commerce experiences on mobile devices out of social data, Facebook's acquisition gives them a valuable asset that they can use to unlock social commerce revenue.
While there is obviously still risk in this model, Facebook users have already proven that they are willing to engage in social commerce on the platform. In July of 2009, Facebook facilitated about 1 commerce transaction (virtual goods) per year for every 3 users of their site, making an average of 30 cents for every user who signed up for the site.
If they can mirror and grow that success on a 900 million user audience, it's a massive revenue line for them. Based on some of the historical and industry averages, I put together a spreadsheet that allows you to see how much Facebook Gifts could make in a year based on your own assumptions (make your own assumptions for the yellow numbers, watch the grey numbers change).
Congrats to both the teams at Facebook and Karma, I hope this is a case where the combination is bigger than the sum of it's parts.
What can 3D printing do for medicine? The "sky is the limit," says Northwell Health researcher Dr. Todd Goldstein.
- Medical professionals are currently using 3D printers to create prosthetics and patient-specific organ models that doctors can use to prepare for surgery.
- Eventually, scientists hope to print patient-specific organs that can be transplanted safely into the human body.
- Northwell Health, New York State's largest health care provider, is pioneering 3D printing in medicine in three key ways.
- In some fundamental ways, humans haven't changed all that much since the days when we were sitting around communal fires, telling tales.
- Although we don't always recognize them as such, stories, symbols, and rituals still have tremendous, primal power to move us and shape our lives.
- This is no less true in the workplace than it is in our personal lives.
One of Stephen Hawking's predictions seems to have been borne out in a man-made "black hole".
- Stephen Hawking predicted virtual particles splitting in two from the gravitational pull of black holes.
- Black holes, he also said, would eventually evaporate due to the absorption of negatively charged virtual particles.
- A scientist has built a black hole analogue based on sound instead of light.
- The word "creative" is sometimes waved around like a badge of honor. We speak of creativity in hushed tones, as the special province of the "talented". In reality, the creative process is messy, open, and vulnerable.
- For this reason, creativity is often at its best in a group setting like brainstorming. But in order to work, the group creative process needs to be led by someone who understands it.
- This sense of deep trust—that no idea is too silly, that every creative impulse is worth voicing and considering—is essential to producing great work.
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