PII 2011: Social Sharing and the Data-Driven Economy
On this panel: Kara Swisher, All Things D, moderates panel with Jim Adler, Chief Privacy Officer, Intellus, David Glazer, Director of Engineering at Google (Plus), Roger McNamee, musician and Elevation Partners, and Fred Wilson, Union Square Ventures.
Kara: We’ll be talking about implications of social sharing for business. Where is the business of social sharing? Fred: Facebook plus, FB is the largest platform but not the only. There will continue to be lots of important social platforms outside of FB. Roger: period of rapid adoption for first 2 years, FB has won the largest share. Cost of entry is high, social is everywhere. David: once things are that way they tend to stay that way? We didn’t name Google Plus “new, now, here” – two things we wanted to do: existing products could be done better, we saw a lot of our products would be better with baked-in sharing. Wanted to improve overall connected state. Jim: things swing from open to closed and back. Fred: top things include Tumblr, wouldn’t be in the picture but for… Mobile is really important. It’s not game over. FB is dominant but market is not devoid of opportunities. Roger: web as an app, number is going to 70% (of what?). Who is going to control the user experience? Things are not shipping on mobile. FB for many people is going to be the platform; connect then identity. Jim: we’re in the process of mapping humanity online. This is a big one. It really does a disservice to say it’s done. How are we mapping? What’s appropriate? rights? mapping social rituals. Of course there will be platforms, and we’re just getting started.
Kara: what are the key critical trends? Jim: we’re going through a new reality, reputation online, a 360 view. You can now reach across time/space. It takes a village, and we’re doing this one hut at a time, building intimate connections. David: I agree with mobile, always on. Shift to living in a world where we’re always on, leaking and sharing, what do we do with that? Kara; continuous partial attention? David: yes, how subconscious should we be? Shift to assuming the camera is always rolling. Jim: this is something we need to get use to. David: there are “many publics” (Kevin Marks said this first). Fred: Tablet is interesting. People are starting to build natively for tablets. More companies are coming to us where FB is the only login experience. This will accrue tremendous value to FB, that’s not really a good thing, especially for the developer (or the users!).
Kara: mobile platforms? Roger: Facebook and Yelp as mobile. Time to market. The thing that really scares me: we’ve lived in a world where people have not been honest with each other for too long. Income gap based on proprietary access to opportunities. Big corps (including telcos) are absolutely using our data. Jim: we’re moving through a threshold. FB is assumed to be public but it’s mostly private. (?) Social media has been like Lake Wobegone, was powerful but there’s going to be interesting consequences: what do people know about me? New product where people can know what we know about them. Too voyeuristic, not narcissistic enough.
Kara: what is sharing now? Fred: when you go out on Friday night, there’s a tremendous amount of sharing going on. Social media is doing the sort of the same thing. This morning was sad about Zucotti Park, human nature to want to share. My kids are much more aware of how to use the technology. David: the way my kids use “stalker” has become a casual term. Fred: I stalk my kids on FB every day, they know it. Jim: Kids know the difference between public and public/private spaces, they’re much more nuanced about how they approach the world. Fred: we’re doing this hire, looking at all of the social media resources of potential candidates. Next generation is using tools to make “resumes” more interesting.
Kara: If FB is the main stalking platform, what are the main business opportunities? Roger: social is today what “new media” is in 1987. My sense: new environment (half cell phones, half computers) is “hypernet” with totally different economic players. Running out of wireless bandwidth, need to replace infrastructure in cellular. Apple’s position is really unstable, capturing the value through hardware. HTML5 has opportunities to change the rules of the game. Safari gets 100% of development today, but notion of one company capturing all the value needs to change. Gigantic change wave of the hypernet, based on whitespace and digital TV spectrum. Instagram is fun but not important.
Kara to David: Google Plus? Tried to have a quiet debut. “We shipped plus, now we’re shipping the Google.” Two things we want to solve: one is how can we make YouTube, Blogger better by making it more social. Fred: Socialization of Google and mobile apps: eventually they’ll get it right but it’s crazy to think of it as a Facebook killer. Roger: maybe a Twitter killer, because they captured the “twitteratti” early on. Costs zero to add a Plus button. Jim: the big opportunity is what you can do with data. Focus on private data becoming public: more frictionless sharing. Understanding data is hugely disruptive. Use cases, danger is in inappropriate use. How do we use the public data to infer amazing things about each other?
Kara: Are you investing in data companies? Fred: we like to invest in platforms that have a lot of data and can use it to do things natively on the platform. We’re not investing in capturing data for 3rd party things. Kara: How do you look at Twitter? Fred: my favorite platform of all, but not as an investor–I connect to people there (@FredWilson has over 200K followers). It’s all public, everyone knows that.
Roger: two things that Apple did wrong: 1) fight with amazon over one-click, 2) if they get AppleTV right, all they have to do is in-app purchases back. Fire is not a great tablet. Fred: it’s a Kindle with the web on it. Roger: yeah. Nook is much cooler.
Questions.
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Danah Boyd