Oneupweb Reviews : The Twitter Brand Page Rollout

Since the announcement of new Twitter “brand pages” in December, most socially savvy CMOs have naturally asked the question:

“How do we get one?”

In late January, Twitter answered: Get in line. Oh, and on top of that, you’ll need to be a $25k+ advertising partner to even qualify for the initial rollout. A few nonprofits will get the pages, too.

So, essentially: You’re not getting one – unless you’re big like Coca-Cola or we’re feeling charitable. A short and to-the-point kind of answer from the company that invented communication in 140 characters. Not exactly the kind of answer most CMOs were looking for.

The American Red Cross' new Twitter brand page

Twitter has begun rolling out brand pages to select advertising partners and nonprofits.

So what’s next? A quick review of Twitter’s latest short and to-the-point moves on brand pages:

1) Twitter is late to the party.

Sometimes I catch myself feeling sorry for Twitter like you might feel sorry for a younger sibling that, for all their obvious uniqueness and worth, just can’t quite live up to the expectations set by the older brother or sister. Facebook is that older sibling: the All-American, the Valedictorian, the Prom Queen of the social landscape. Facebook wrote the book on brand pages. Now Twitter is struggling with the screenplay.

2) Twitter looks desperate.

Twitter’s early struggle to monetize itself was once a favorite topic of social media cocktail hours – gossip that’s been effectively crushed by 2013 ad revenue projections of $400+ million. Both facts, however,  make Twitter’s decision to limit brand pages to $25k+ advertisers particularly dangerous from a PR perspective. One makes the company appear financially unstable; the other makes it appear selfish. Again, Facebook isn’t making things any easier: if the world’s largest social network can offer free brand pages, why can’t Twitter?

3) Twitter is overplaying its hand.

When presented with a problem, ask yourself what Tim Gunn would do. There’s only one answer. Tim Gunn would make it work. And that’s exactly what Twitter’s brand pages were supposed to do. But the road of online ventures is paved with good intentions and littered with MySpace’s, Friendster’s and Google Wave’s. The Waste Land of Tomorrow is a Netscape. Twitter’s brand pages are a great idea in theory, but when the time came to execute, the company hasn’t just failed to make it work… It’s actually made it worse – and risks making itself look arrogant and out of touch in the process.

Keep Calm

Twitter's brand page rollout ignores Tim Gunn's famous advice.

Bottom Line: It’s tough growing up in the shadow of Facebook. But just because you didn’t make it to the White House doesn’t mean reality TV is your next best option. At Oneupweb, we say save the digital drama for your mama. It’s time for Twitter to quit playing games – and just make it work.

What do you think of Twitter’s brand page rollout strategy?

 

Oneupweb Reviews: The Facebook IPO

Come the third week in May 2012, the eight year old Internet company, Facebook, will go live on the stock market with what may be a $100 billion IPO and will offer shares to the general public. It reported to be in the top 10 biggest IPOs of all time. On top of that, this will be the tech giant of IPOs of all time.

Image Source: Accounting Degree Online

On Wednesday, February 1st, 2012, Facebook paid a $573,000 fee and filed papers to raise $5 billion or more in the most highly anticipated initial public offering.

Top Sheet of the FB SEC Registration Form

Top Sheet of the FB SEC Registration Form

According to their 188 page public filing with the United States Securities and Exchange Commission, they reported revenue of $3.7 billion in 2011, up 88% from 2010 where they reported $1.97 Billion in revenue. That makes each Facebook user equate to $4.39 each. Facebook states in the document of that $3.7 Billion that their net income for 2011 was reported to be $1 billion exact. That’s 94% increase from 2010.

Since the NASDAQ uses four-letter stock symbols Facebook plans to list their symbol as the letters “FB.”

They make clear their risk factors. One that stood out during my read:

“Any number of factors could potentially negatively affect user retention, growth, and engagement, including if: users increasingly engage with competing products.”

The growth of Google+ in its first year growing 60 million users, a quarter of that in December 2011, could be that competing product.

When I was reviewing the S-1 document today I noticed certain patterns between words and number volumes.

  • All data reported begins in 2009
  • There was a drastic increase in revenue, expenses and activity from 2010 to 2011
  • The term 2005 Stock Plan

Why do those three points stand out to me? Because I can see a premeditated plan that has taken successful root. This told me that Mark Zuckerberg’s confidence in his company shifted somewhere in 2008. He was hit with the realization that his take on a viral expansion model held the right formula. According to the patterns in the S-1 there is a bold upward movement beginning in 2009 and even more so into 2011.

What happen before 2009? This is where the term “2005 Stock Plan” became like a beacon within the document. After some digging I found the shift and it started in the 2008 tax season.

As of December 31st, 2007, Facebook had assets exceeding $10 million, which meant their existing RSU’s (Restricted Stock Units) needed nonrestriction. Enter October 18th, 2008, a man named Jeffrey R. Vetter and his Request for Exemptive Relief from Registration under Section 12(g) of the Securities Exchange Act of 1934 on behalf of Facebook, Inc. This document showed that my assumption of a shift was correct. Having this exempt restriction in turn opened the pathway for where we are now: the Facebook IPO.

Though I have my hesitations in relation to Facebook in general, I will give this premeditated move of theirs thumbs up for effective and well thought out execution. They covered all their bases.

This has gone from viral sharing to stock sharing eight years in the making. And now a new tech frontier begins. Will you take a share?

Social Media: Who Benefits from Viral Expansion?

 

Oneupweb Reviews : Facebook Open Graph

Anyone who’s even slightly active on Facebook has likely noticed a new kind of content popping up in the News Feed lately. With the launch of the Facebook Open Graph, user-brand interactions are taking new precedence. With Open Graph, I know what my friends are pinning on Pinterest, what articles my brother-in-law is reading on Yahoo! News, and I’m even painfully aware of the very moment at which a good friend casts his lot with evil and listens to the Twilight soundtrack on Spotify. Most importantly, I know all of this without ever leaving the Facebook environment. It’s all happening in the News Feed with apps featuring Open Graph’s new Actions capability.

Spotify

Spotify was one of 60 apps to participate in the launch of Facebook's Open Graph.

Okay, so Open Graph is pretty cool. Now I know more than I ever wanted to know about my Facebook friends even after knowing too much already. Great. What makes Open Graph particularly exciting for marketers, however, is its integration with the world beyond Facebook – the greater Internet.

A More Connected Facebook?

Yes – it’s possible, and it’s here. As detailed recently in Search Engine Journal, Facebook’s Open Graph dramatically increases the network’s importance in SEO. For months now, online marketing blogs have been abuzz about the impact Google+ is making on SEO. With Open Graph, now it’s Facebook’s turn. With Open Graph’s Actions feature, as detailed by Search Engine Journal:

Those who interact with the product and post on their Facebook Wall then generate a direct route (link) to the webpage of the company … Given Facebook users average 130 friends, there is a huge amount of exposure that can be gained from Facebook Actions. Website traffic can increase dramatically because 1 person in a network “listened” to your product.

Hitchhiking on the Open Graph

Do brands need to create their own apps to take advantage of Open Graph’s SEO benefits? Not necessarily. In fact, many brands can leverage the power of stronger, existing apps – such as the wildly popular Pinterest app – by developing creative campaigns on those outside platforms. Land’s End’s recent Pinterest campaign, for example, generated double exposure for the brand, by featuring user-shared Land’s End favorites across both Pinterest and (thanks to Pinterest’s Open Graph app), on Facebook.

Lands End Pinterest

The Land's End "Pin It to Win It" contest promoted the brand on both Pinterest and Facebook - powered by user "pins" (Actions) and Pinterest's Open Graph app.

The Verdict

The bottom line is: Facebook’s Open Graph is great news for users and greater news for marketers. Unless, of course, you discover via Open Graph that your friends are into Twilight. Then everyone loses.

What do you think?

 

Oneupweb Reviews : Facebook EdgeRank

This last week I reviewed the effect of Facebook EdgeRank™ for a one month span for a client and focused in on one post. For this review I will call this client EXA (Exhibit A.)

On one given day EXA admin posted a status update that created a spike in their activity chart. The status update caused the spike with a 0.61% feedback rate and 984 impressions that went across the main Facebook wall. It received 5 likes, 1 share, and 1 comment. In that it received a higher impression impact is due to that interactivity. When someone does any one of those activities on one of your own posts it will thrust that post into their own fan reach and into more newsfeeds outside your own circle. That is part of the Facebook EdgeRank™ algorithm.

What is the EdgeRank™ algorithm?
“In order to optimize a user’s News Feed, a formula called Facebook EdgeRank was created. Facebook EdgeRank decides what’s most important to display in the News Feed. If Facebook EdgeRank decides it’s not important, then it gets dropped off the Feed.” – Paul

Anytime someone posts something like a photo, video, status, or even like something this creates an edge, and therefore helps to rank your post.

EdgeRank™ has 3 elements to its algorithm:  affinity, weight, and time decay.

1. Affinity: the closeness you have with the other person. If you list a person as a family member or work colleague there will be a bigger affinity present. Even if you message them, Facebook will be able to pick up that you have an affinity with that person. Posting on their wall, commenting, “Liking” and so on creates a stronger affinity with them. In turn, will cause for when you post and they interact with you it is most likely to span across their newsfeed and so on helping to give you an edge in rank.

2. Weight: this factor is about making your updates interesting with ability to impact (influence) interaction. This is a point that can help a profile or page to rank and find placement in another person’s newsfeed who are not listed as family or colleague, etc. Posting with a video holds the highest weight while writing just a normal text status update holds the lowest.

The weight influence goes as follows:

Image Source: Adobe

3. Time Decay: this factor is about the currency of your update. Of course, the more recent the post the more this factor will give edge to your post.

There are ways a business can take advantage of this Facebook feature. Watch the video below and around minute 1:40 she begins to speak on that topic.

Have you explored Facebook’s EdgeRank or completed any reviews of its edge creation?

 

Oneupweb Reviews : Facebook Timeline

Facebook Timeline is finally here – and in the few short months since its announcement at f8 in September, the “story of your life on a single page” has taken on quite the life of its own as the target of a high-profile lawsuit and privacy advocates alike. On Monday, however, Timeline went live worldwide (though Facebook – in its awesome benevolence – is giving users until Dec. 22 to hide their skeletons). Of course, the social world went bonkers. Of course, the dramatic “That’s it – I’m officially DONE with Facebook” types signed off in protest … and then, missing their outlet for dramatic expression, quietly reactivated their accounts. Of course, nothing really happened.

Facebook Timeline

Facebook launched Timeline on Monday - the most significant overhaul of the Facebook profile in the network's history.

Still, Facebook Timeline represents the most significant redesign in the network’s history. Here’s the deal…

In the “Like” column…

DESIGN

Considering what “The” Facebook looked like waaayy back in 2004, Timeline is a grand slam. There’s no denying that the new cover photo offers a lot of potential for creative types. Photos and videos really pop on the new two-column layout, and the revamped “About” section is cleaner and better organized for our increasingly diminished attention spans.

The Facebook

Facebook, er, "The Facebook," circa 2004.

STORYTELLING

With Timeline, Facebook fires a no-nonsense shot across the Creative Memories bow, offering a new kind of digital scrapbook – and you don’t even need a $20.85 tape runner. Rather than simply curate your life since joining Facebook (which Timeline does), the new profile allows users to fill in the missing gaps, because, you know, we’re all just dying to know what you’re up to when not posting status updates about your super adorable kittens and being 80 percent finished reading “The English Patient” on your Kindle. Really, though, allowing users to fill in the gaps only strengthens Facebook’s status as the one-stop shop of the social world. And, with an expanded 63,206-character limit, who needs that old LiveJournal? Well, maybe this guy.

In the “Dislike” column…

PRIVACY

Facebook maintains that Timeline lets you “control who sees your stuff.” And, technically, this is true. However, Facebook’s own Timeline is hardly one defined by respect for user privacy, and the new profile will only make integrating stronger, easily understood controls more difficult. Creating the world in seven days is pretty ambitious, but herding 800+ million users into redesigned profiles in the same amount of time? That’s just nuts.

REVISIONIST HISTORY

Because Timeline makes it easy to fill in the gaps (see above), it’s also possible to recreate your past. As Alison notes in this interesting post, the ability to edit Timeline content means its record is not exactly reliable.

What do you think? Facebook Timeline: Like or Dislike?