Breaking News

Facebook Buys Instagram for $1B – Recap

I know this is a bit behind but, in brief, the world’s biggest social network acquired the world’s biggest mobile social network on April 9, 2012.

This does not mean that Instagram’s platform will simply be absorbed into FB and disappear. Zuckerberg’s explanation:

“We believe these are different experiences that complement each other. But in order to do this well, we need to be mindful about keeping and building on Instagram’s strengths and features rather than just trying to integrate everything into Facebook…. That’s why we’re committed to building and growing Instagram independently…. We will try to learn from Instagram’s experience to build similar features into our other products.”

One of the better POV’s on on why Facebook decided to buy Instagram came from the LA Times. One of my favorite lines:

“The San Francisco startup has just 13 employees. That works out to be $76 million per employee.”

Additional Resources on the Acquisition:

Mark Zuckerberg Announces it on his Timeline
https://www.facebook.com/zuck/posts/10100318398827991

Facebook Press Release
http://newsroom.fb.com/Announcements/Facebook-to-Acquire-Instagram-141.aspx

Biz Week Coverage
http://www.businessweek.com/articles/2012-04-09/facebook-snaps-up-instagram

Mashable Coverage
http://mashable.com/2012/04/09/facebook-instagram-buy/

Breaking: Facebook Being Integrated into Playstation 3

facebook-ps3Xbox LIVE recently released a Dashboard Update that adds social networking integrations with Facebook, Twitter and last.fm. While not available to everyone the preview mode is being syndicated to beta testers and will go live to the public in short order. Perhaps trying to play catchup with Microsoft, Sony apparently has plans to add its own Facebook integration to the company’s flagship PlayStation 3 console in a coming firmware update.

Website Scrawl apparently found screenshots buried deep within a publicly available section of Sony’s European website showing off some sort of native Facebook integration, as evidenced by a Facebook settings subsection located in the User Accounts section of the PS3’s cross-media bar (XMB) main navigation interface.

Naturally, Sony refused to comment on the leaked shots or the Facebook integration rumour. However the screens do come from a legitimate Sony source, and it seems highly likely that they’d want to get in on some of the social media action considering they’re working diligently to portray the PlayStation 3 console as an all-in-one entertainment hub for the home.

Personally, I’m still not sold on the Verizon FIOS, Xbox, Playstation integration with social networks. What are your thoughts? Do you need social to be part of your video game experience?

Breaking News: Facebook & Myspace in Content Sharing Talks

myspacenewWelcome to the inaugural post of Only Facebook! It seems fitting that we kick off the blog with such breaking news – the Telegraph.co.uk announced earlier today Myspace and Facebook are engaging in talks around sharing content. MySpace’s CEO Owen Van Natta is quoted as saying “we are in talks with Facebook, and other sites, about how we could partner with them.”

The move could potentially see MySpace music and video footage being shared on Facebook via its Connect platform. This would be a huge win for Facebook as Myspace tends to still be the social platform of choice for musicians.

Sheryl Sandberg, Facebook’s chief operating officer, told The Telegraph: “Facebook is focussing on building the best technology which helps people share content, while at MySpace they are focussing on more a content-led strategy. We would like to have their content, as we already do with many other sites, shared across our network because it is good for our users.”

What are you thoughts? Is this a good move by Myspace?