NextStep
Upcoming Events Sustainable Hospitality Industry @ CEIBS

Location: Sustainable Hospitality Industry @ CEIBS

Address: 699 Hongfeng Road Pudong, Shanghai

Guest: 13+ Hospitality Experts

Date: March 17, 2010

Time: 9am 530pm

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Down goes Facebook… Jul 8, 2009     


It was only a matter of time before the authorities decided to crack down on Facebook. Finally they have also become tired of the never ending event notifications, status updates discussing your “friend’s” decision to go to M1NT or Bar Rouge this weekend, and the random friend requests. In all seriousness the authorities control over the “web waves” is a cause for concern. But, let’s be honest, it is more of an annoyance than anything. Stack it on top of the typical day of blazing internet speeds, and it is sure to upset expat web users.

This is not meant to be a political post, as an outsider I do not want to delve into the internal political decisions of a soveriegn nation.

I use Facebook and Twitter everyday for both work and personal use. I try not to be “spammy” on either. Some friends take me aside and ask me not to post so much, but honestly I tell them I am posting interesting current events and business articles they should be looking at. Granted most of the people that are taking me aside, don’t really understand how to use Facebook and Twitter to effectively “share” information, but they are coming around.

Yes I do post NextStep event information, but they are good informational events, not another party on the Bund. The majority of my postings point people to great current events like this article, this article and this article (oh, wait I cannot pull the links from my Facebook profile to share with you right now…I need to start bookmarking them again on my Webdexer.com)

If you want to find out more about me, you can click here to view my NextStepDirectory.com profile.  From there you can check out my Linkedin and Twitter (once it is running again).

If I were Twitter… May 5, 2009     


Across my Tweetdeck came a message, “rumors Apple puts offer up for Twitter”. Now if I were @biz stone and the gang over in Twitter-world I would be putting my company on the auction block. The hype behind twitter today is nothing less than amazing — CNN, NYTimes, celebrities–all hyping Twitter as  the best thing since sliced bread.

It is great, it is informative, and it has a lot of room for growth opportunities. But remember this folks, pigs get slaughtered!

If the money is on the table and it is a fair value for the company — take it. I love taking risk, but this is like looking a gift horse in the mouth. My three reasons to sell today-

1. The hype will fade before a monetization model is produced. Have a look at Yammer.com. They have already figured out how to monetize the Twitter interface, and they have beat Twitter to the game.

2. It’s like Allstate Insurance, “Your in good hands with” Apple & Google

 3. I must repeat…Pigs Get Slaughtered!

What is 1 Facebook $ worth? Nov 25, 2008     


So I am not announcing any new news here, but something dawned on me today. Social Networking Sites are starting to become their own Treasury Departments of sorts. Let’s look at the recent failed deal between Facebook and Twitter, two SNS giants. Facebook attempted to buy Twitter for $500 million in Fb stock at the valuation given to Fb by Microsoft’s earlier $400mil+ investment. Twitter walked away fromt the deal believing that Fb was overvalued by Microsoft.

This has to be one of the craziest times in modern history for mergers & acquisitions simply based upon the transition of one unprofitable company’s stock to another as currency for assets. Fb is becoming the treasury and the bank all in one. It is pure genius. Here they are able to print Facebook bucks to buy Twitter “so-called” assets on the hope that one day one of these services will make some serious cash. To me this looks like the blind leading the blind. I am not a researcher myself, so I have no idea as to the precedent for similar deals between companies that have no revenue streams or maintain revenue streams that are weak at best, but this one surely must take the star of the show.

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