Facebook Economy

With investors leapfrogging on the back of social networking and making investments heavily reliant on Facebook, a Guardian blogger asks “How big is the Facebook economy?”

With investors leapfrogging on the back of social networking and making investments heavily reliant on Facebook, a Guardian blogger asks "How big is the Facebook economy?" Bobbie Johnson remarks that from the number of press releases he’s received recently it seems that more and more Facebook-driven businesses are springing up across the world, which is no surprise given that Facebook’s creators have worked very hard to provide it with its own economic ecosystem. Here he estimates its value: "Facebook itself is due to post somewhere upwards of $1bn in revenue for 2010, but I'm more interested in what the other companies are doing… Back in November, Electronic Arts bought social gaming site Playfish, in a deal we are now told was worth around $275m. Meanwhile Zynga, another developer of popular games (like ) has already taken more than $200m of venture capital. Other companies making applications include Slide (also closely linked with MySpace but funded to the tune of $78m); Mindjolt (recently bought by MySpace co-founder Chris DeWolfe, funding not public); and of course FriendFeed (bought by Facebook for around $50m). On top of that, there's a huge number of companies like the aforementioned Smartdate, Plancast ($800,000); and a whole bunch of companies pushed forward by Facebook's own $10m fbFund. That's just the start."

​There are two kinds of failure – but only one is honorable

Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.

Big Think Edge
  • Learn to recognize failure and know the big difference between panicking and choking.
  • At Big Think Edge, Malcolm Gladwell teaches how to check your inner critic and get clear on what failure is.
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This is the best (and simplest) world map of religions

Both panoramic and detailed, this infographic manages to show both the size and distribution of world religions.

(c) CLO / Carrie Osgood
Strange Maps
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New alternative to Trump's wall would create jobs, renewable energy, and increase border security

A consortium of scientists and engineers have proposed that the U.S. and Mexico build a series of guarded solar, wind, natural gas and desalination facilities along the entirety of the border.

Credit: Purdue University photo/Jorge Castillo Quiñones
Politics & Current Affairs
  • The proposal was recently presented to several U.S. members of Congress.
  • The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.
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Image source: Topical Press Agency / Getty Images
Politics & Current Affairs
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