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."
Malcolm Gladwell teaches "Get over yourself and get to work" for 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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Both panoramic and detailed, this infographic manages to show both the size and distribution of world religions.
- At a glance, this map shows both the size and distribution of world religions.
- See how religions mix at both national and regional level.
- There's one country in the Americas without a Christian majority – which?
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.
- 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.
- It's undoubtedly an expensive and complicated proposal, but the team argues that border regions are ideal spots for wind and solar energy, and that they could use the jobs and fresh water the energy park would create.
Yes, a coup d'état.
- Though we know today that his policies eventually ended the Great Depression, FDR's election was seen as disastrous by some.
- A group of wealthy bankers decided to take things into their own hands; they plotted a coup against FDR, hoping to install a fascist dictator in its stead.
- Ultimately, the coup was brought to light by General Smedley Butler and squashed before it could get off the ground.
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