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	<title>Are you afraid of new ideas? Ah! I am. &#187; Facebook</title>
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	<link>http://centophobia.com/blog</link>
	<description>This is my blog about politics, power, advertising, media and everything else.</description>
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		<title>Facebook announces advertising strategy</title>
		<link>http://centophobia.com/blog/2007/11/07/facebook-announces-advertising-strategy/</link>
		<comments>http://centophobia.com/blog/2007/11/07/facebook-announces-advertising-strategy/#comments</comments>
		<pubDate>Wed, 07 Nov 2007 11:25:59 +0000</pubDate>
		<dc:creator>Centophobia</dc:creator>
				<category><![CDATA[Internet Advertising]]></category>
		<category><![CDATA[Advertising]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[authenticity]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Jaiku]]></category>
		<category><![CDATA[Microsoft]]></category>

		<guid isPermaLink="false">http://centophobia.com/blog/?p=157</guid>
		<description><![CDATA[Facebook recently disclosed it&#8217;s plans to monetise the company&#8217;s rapidly growing user base (around 30 million active users). Less than four years old, Facebook is worth around $15 billion (given the 1.6% share Microsoft bought for $240 million). How it works: Users can then sign up as &#8220;fans&#8221; of that brand and engage with it [...]]]></description>
			<content:encoded><![CDATA[<p>Facebook recently disclosed it&#8217;s plans to monetise the company&#8217;s rapidly growing user base (around 30 million active users). Less than four years old, Facebook is worth around $15 billion (given the 1.6% share Microsoft bought  for $240 million).</p>
<p>How it works:</p>
<blockquote><p>Users can then sign up as &#8220;fans&#8221; of that brand and engage with it just like a regular friend. When the user interacts with a brand, their activities &#8211; mashed together with paid advertisements &#8211; show up on the user&#8217;s profile page and on their friends&#8217; &#8220;News Feed&#8221; summary. (<a href="http://www.smh.com.au/articles/2007/11/07/1194329284640.html">SMH</a>)</p>
<p>Facebook [...] will give advertisers the ability to create their own profile pages on its system that will let users identify themselves as fans of a product. So each user&#8217;s news feed will contain items like &#8220;Bobby Smith is now a fan of Toyota Prius,&#8221; or whatever. News feeds can be linked to outside Web sites as well. So you can tell your friends about what you rented at Blockbuster or are auctioning on eBay. (<a href="http://www.iht.com/articles/2007/11/06/technology/06face.php?WT.mc_id=rsstechnology">IHT</a>)</p></blockquote>
<p>Facebook user, Emily, comments:</p>
<blockquote><p>I just don&#8217;t want to be pestered by companies trying to sell me crap I don&#8217;t need. I get enough of that as it is without bloody facebook getting in on the act. If I want a coke, I can get one. I use Microsoft every day at work. I know who Sony is. If I want their freakin&#8217; products, I&#8217;ll contact them. In the mean time, they can leave me alone. (<a href="http://blogs.smh.com.au/mashup/archives//016416.html">Mashup</a>)</p></blockquote>
<p>I am currently a Facebook user but I&#8217;m getting a little bored with it. Basically, Facebook is a more complex version of <a href="http://www.jaiku.com">Jaiku</a>. I use <a href="http://www.flickr.com">flickr</a> to share photos, my favourite websites on <a href="http://www.stumbleupon.com">Stumbleupon</a>, my favourite videos on <a href="http://au.youtube.com">youTube</a> and <a href="http://www.revver.com">Revver</a> &#8211; Jaiku puts them all together into one place. I would also rather use Instant Messenger and email to communicate with people so our conversations aren&#8217;t published for all my other friends to read.</p>
<p>I&#8217;m not going to become &#8216;friends&#8217; with a brand on Facebook, some people might want to, but I feel like choosing to share your friendship with a brand, is a conscious effort to express an identity that doesn&#8217;t really exist and is therefore very inauthentic &#8211; in the Frankfurt School sense (did I use this reference correctly?).</p>
<p><em>Summary:</em> If you are a university student in Australia with Motorola and Tsubi as Facebook friends, than you really are a try-hard and should be engaging in more worthwhile pursuits!</p>
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