MMO-Champion
how come mark zuckerberg is so rich when facebook is free ? how do they make money on it ? only by selling peoples info to government ?
ps: this is mark zuckerberg
<Snip> No it wasn't
Thread: how facebook makes money
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2012-12-11, 10:35 AM #1Mechagnome
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how facebook makes money
Last edited by Anakso; 2012-12-11 at 11:46 AM.
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2012-12-11, 10:36 AM #2Banned
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Ads.
10char
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2012-12-11, 10:36 AM #3Pandaren Monk
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by selling adspace? just a guess.
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2012-12-11, 10:37 AM #4Bloodsail Admiral
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Well, this seems legit.
Xothic - Prot Paladin - Expired at the end of 5.1
Originally Posted by Firefly33
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2012-12-11, 10:38 AM #5Mechagnome
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I'm going to assume you're not trolling, even though you blatantly are.
The Wikipedia article you linked is Christopher Poole aka "Moot" the founder of 4chan.
Both websites make money off of companies paying to advertise on their site.
Heavily trafficked sites like 4chan and facebook get a lot of hits everyday. The advertisement philosophy is something like; if someone see's an add for something, when they go to the store or they go to buy something, if they see a more familiar brand they are more likely to buy it.
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2012-12-11, 10:38 AM #6Scarab Lord
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apps. Originally Posted by Khatolic
p.s. are you sure Christopher_Poole_at_XOXO_Festival_September_2012.jpg is Mark Zuckerberg?
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2012-12-11, 10:39 AM #7High Overlord
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That wasn't funny.
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2012-12-11, 10:40 AM #8Scarab Lord
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Games, Adverts & Selling User Information to Third Parties.
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2012-12-11, 10:41 AM #9Herald of the Titans
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Certainly ads. If certain popular WoW-streamers get oodles of money from adspace from streaming their gameplay and having lots of viewers, think about the same kind of money influx... but on the largest social networking site in the world. That kind of adspace is like Superbowl adspace. Super valuable because so many people view it.
---------- Post added 2012-12-11 at 05:44 AM ----------
Good call. xD I looked at the picture after you posted this and was like "... wow, hell no." Originally Posted by ag666
THIS is Mark Zuckerberg.
As of GW2 Stress Test 8/9/2012, Necromancer ftw!
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2012-12-11, 11:02 AM #10Scarab Lord
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Reminds me of the comic that compares facebook to a slaughter house, they're both "free" because you are the product.
To declare that a personal, inner experience gives certainty about the workings of the universe is to assign far too much value to one’s subjective sense of conviction.
I’m not that arrogant.
The brain, marvelous instrument though it is, isn’t infallible. It can misfire, seize or hallucinate, and it can do so in a way that’s utterly indistinguishable from reality to the person experiencing it.
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2012-12-11, 11:18 AM #11Herald of the Titans
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Well he's right to a certain extent, Facebook doesn't make a lot of money compared to their stock price. Most people that know anything about the stock market will agree Zuck's wealth at the moment is greatly exaggerated and will at some point in the future decline together with the value of Facebook stocks. With Facebook ads ithe way they are now Facebook just isn't able to leverage the amount of traffic it has in an efficient manner.
But yeah they have ads all over their site from sponsored stories in your news feed to those things to the right nobody notices and companies pay to have them there. I managed a few ad campaigns before and the options you have to select your target audience are quite interesting, although the results are just not on par with other options like AdWords.
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2012-12-11, 01:05 PM #12Mechagnome
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He is rich because of his stocks in Facebook, which is still hugely overvalued imo. Their revenue last time I looked was quite pathetic for the user base they have. Their share price has dropped since they were offered(until this month apparently) probably for the exact reasons as your question: how do they make money from their users? Targeted ads is one thing but they have so much more, data on users which maybe only google can compete with, once they get an idea of how to capitalise on that it will be huge which is what investors are waiting for I guess. Originally Posted by Khatolic
For a long time I thought google sold user data, they don't. It is their bread and butter, their market edge, facebook is likely the same.
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2012-12-11, 01:32 PM #13Legendary!
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Selling stocks that were rediculesly overvalued. IPO at $38, it was a robbery and people still bought it. It's been 6 months now and it's still down at 27-28 $. It really did blow my mind. Once they present ideas to create revenue that actually is promising I will consider buying.
Shit like this actually goes through your fucking brain?
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2012-12-11, 01:37 PM #14High Overlord
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The primary draw to advertisers isn't the number of visitors, it's the very specific level of targeting available. With the exception of Google, no other site has access to as much information about any individual user, including his interests, his demographic, his actions, his history as well as all of this for every person in his network. It's advertising moved to the next level and Facebook is the only place selling it.
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