FarceBook Is Out Of Gas
The Market Ticker ® - Commentary on The Capital Markets
Posted 2013-01-15 20:15
by Karl Denninger
in Company Specific
Ignore this thread
FarceBook Is Out Of Gas
 

After hyping the ever-loving bejeezus out of their "announcement" for today, it's nothing more than the ability to search the timelines of people who you are connected to.

Whoopie.  Facebook learned how to full-text index (e.g. GiST or similar) the data and restrict the display to you and those who you are "friends" with and their public timelines?

Wow man, my software has been able to do that for... oh.... since Tickerforum opened?

This was worth a hyped up press conference? 

This is Facebook's "big announcement"?

This is all they have left?

This company is a zero.

Discussion below (registration required to post)
 

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User Info FarceBook Is Out Of Gas in forum [Market-Ticker]
Mikek31
Posts: 4359
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****, thought they were going to do an M&A with someone; this is what the "big" news was?

smiley

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Intentional manipulation of markets is usually thought of as a crime, not a benefit, and should lead to indictments, not praise. -Karl
Antone
Posts: 7691
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Seditionia, USSA
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Yeah, but their version is all 'javascripty.' smiley

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As if anything has changed:

Wir sind gefickt.
Genek
Posts: 67
Incept: 2009-10-27
Gold
Richmond, VA
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An anouncement of being friended by bots if you don't have any friends would make sense, wait that already exists.
Pika-steph
Posts: 54732
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Could you explain that in non-Geek-ese? WTF is this? They learned how to what?

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli
Andrew123
Posts: 175
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California
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I agree that this is nothing earth shattering, but my understanding is that after running the Facebook search, if you want more results, you will be sent to Bing. How big a deal is this for Google?
Reluctantdebtor
Posts: 131
Incept: 2010-03-05

ohio
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This is honestly baffling.
Will anyone even use the feature?
None of my Facebook account info is even real.
I use a proxy and half the crap I see on the site is in French.
What use is that to the new search function?

I thought the big announcement was going to be a Facebook-branded ad-subsidized un-jail-breakable-walled-garden tablet or something interesting like that.
Asimov
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Pika: Click "search"

That.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Pika-steph
Posts: 54732
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Live Free Or Die; US Army Est. 1775
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Oh. But wait. Facebook already has a 'search' function - although it only allows you to search for people or pages on FB. Are you saying you'll be able to search the Internets or be able to search for content on people's Walls?

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Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli
Asimov
Posts: 104066
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East Tennessee Eastern Time
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content on friend's walls.

----------
It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Ktrosper
Posts: 1500
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Silver
ft collins co
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Gen wrote..
Facebook learned how to full-text index
HAHAHAHA! I had that exact same thought when I read the announcement! HAHAHAHAHA! smileysmileysmiley

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Pika-steph
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Interesting. While I wouldn't say this is some big money-maker, it's something I wished existed if for no other reason than searching content on my OWN freaking wall. I post **** and think I'll be able to go back and reference it again in the future...and forget it, I can never find it. So, as a FB user, I can see this might be handy.

----------
Stop the Looting; Start Prosecuting - http://www.FedUpUSA.org/
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"The only regulation that really works is failure."--Rick Santelli
Asimov
Posts: 104066
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East Tennessee Eastern Time
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"handy", yea... Most would have said necessary when they were writing the code.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Thatstockguy
Posts: 45
Incept: 2009-06-29

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My only question is, who paid for all that promotion on CNBC yesterday and today. I mean yesterday pretty much every commercial break was this ad pumping up 1pm today.
Jotapay
Posts: 16734
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Silver
Austin, Tx
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Quote:
Yeah, but their version is all 'javascripty.'


I was wondering if Karl was going to convert Tickerforum to something like Twitter Bootstrap..... As far as the amount of work goes, it's light compared to the UI improvement.

http://twitter.github.com/bootstrap/base....
Poid
Posts: 610
Incept: 2010-03-08

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but Karl they had an ex-Google bloke do it, it must be revolutionary!!

And bing is involved too!

I mean come on how much more awesome can they pack into search!!!!

yeah, nah, its a zero
Colk55
Posts: 2428
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Green
Indiana
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I missed it but seriously, this was it? What will their next announcement be, the implementation of the wheel for their company vehicles? Pathetic.

Talk about a company that's out of bullets.

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The politician's motto: If you can't dazzle them with brilliance, baffle them with bull****.
Bountyhunter
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Newport Beach, Ca
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This is no different than the infomercial hucksters proclaiming "But wait there is more" FB keeps dribbling out "extra" features that a normal platform would already include from day one. They will try anything and everything to keep their user base engaged. So you FB users get used to plenty of frequent "change" as they try every attempt to get something to catch.

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Greednfear
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It's so obvious the graph search is just another revenue-driven change to FB and not a user-driven one. I am skeptical this is a game changer from their users' point of view.

I've stopped using FB for a while but it seems that the overhead to manage your privacy in FB is ever increasing with each of these new invasive feature roll out. I'd imagine now there's a ton of options a user need to tweak to properly set his/her desired privacy level. At some point those who care would just abandon the platform because they've reached that cost-benefit tipping point.
Obseedian
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BBRY Central
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The Farce continues:

http://www.foxnews.com/tech/2013/01/16/b....

Quote:
Want to make your ex-girlfriend jealous? Need to show your friends you are in a serious relationship when you aren't? A Brazilian website says it has the answer: fake girlfriends.

NamoroFake.com.br says that for 40 reals ($20) it will create a fake girlfriend and post her profile on Facebook during seven days....

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5755hsa
Posts: 646
Incept: 2008-09-07
Green
North of 40 in the land of pathetic highways
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"NamoroFake.com.br says that for 40 reals ($20) it will create a fake girlfriend and post her profile on Facebook during seven days...."

Ok, but Only if my fake girlfriend has nice fake boobies.....

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and where members of society least likely to succeed, are rewarded with goods paid for by the
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Lumpeninvestor
Posts: 2347
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98072, USSA
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Anyone else here get the Angel Fraley vs Facebook notice of class action ? Seems they think I'm eligible for a claim. I wonder which of the 5 "likes" I ever did they used in a "sponsored story"?

I searched and found this page on it: http://dockets.justia.com/docket/califor....


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Distributing insolvency only destroys the last remaining islands of solvency in a bankrupt world. - Charles Hugh Smith 8/23/2012
Argos
Posts: 6338
Incept: 2008-03-23
Gold
The Green Mountain State
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FB has been laboring since the company released earnings. Big lots came in today to defend $30.00, and they didn't hold it.

(I just shorted FB--a small position only, just in case the hooded one comes out with an announcement that springs the stock higher.)
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