Submitted by Garrick Hileman01.23.2008
Thunderdome
Loading...
Categories
This prediction is closed and has been judged.
As of the closing date, which was the date in which the prediction was to be judged, Facebook had not adopted OpenSocial or made any announcements to do so in the future. The community bet against this prediction and the community was right.. --The Industry Standard
As the pressure for rapid growth mounts under the watchful eyes of the world, Facebook must find ways to try new ways to diversify its portfolio.
One way to do this is to support Google's OpenSocial API. This will allow Facebook's already large developer base to expand into a huge ring of influence.
Price History
Prediction Statistics
| Betting Closes: | Feb 18 2008 | Current Consensus: | 19.78% | Total Bets: | 140 |
| Today's Change: | 0% | ||||
| Life Time High: | 48.75% | ||||
| Life Time Low: | 19.78% |
Suggest a Prediction
If a suggestion you submit to The Exchange is accepted, your account will receive S$25,000.00 Standard dollars
Suggest Predictions View all suggestionsMost Active Predictions
Free White Papers
- The Missing Link White Paper Driving Business Results Through Pay-for-Performance
- Changing the Game White Paper 4 Ways to Unlock Your Employees’ Performance Potential
- 9 Critical Reasons to Automate Performance Management
- Driving Success White Paper The Incredible Power of Company-Wide Goal Alignment
- Roadmap to Success White Paper Driving Bottom-Line Results with People Performance
RSS Feeds
Main Feed
Views & Analysis (all contributors)
Latest News (all contributors)
The Industry Standard News (no 3rd-party contributions)
Predictions
All Site Comments
Comments
Let's think about this for a moment. Microsoft paid $240 million for a 1.6 percent stake in Facebook. While that means absolutely nothing, it could be enough influence to keep Facebook from doing anything that supports a Google initiative. As a betting man, and hazy oracle, I'm throwing my virtual money behind Facebook staying away from OpenSocial (at least for now).
However, I fully expect Facebook to continue to support 3rd party widgets and to further monetize the site by creating content partnerships which pay Facebook back. We may also see Facebook create a user advertising program where revenues are shared between users and Facebook.
That's OpenSocial "No" - Openness "Yes" from this Dusty Sage.
Unless Facebook has an extremely fine-tuned filter to discriminate one opinion from all the others, open social will not work. Critical mass will bring the site to a grinding halt. Without the ability to scale accordingly, (and whose qualified to determine that), just pouring ideas and notions into the bucket will only cause mass confusion.
No to OpenSocial...Maybe to Openness (aka Profit Sharing)
According to the Google it self: "There are many websites implementing OpenSocial, including Engage.com, Friendster, hi5, Hyves, imeem, LinkedIn, MySpace, Ning, Oracle, orkut, Plaxo, Salesforce.com, Six Apart, Tianji, Viadeo, and XING."
It seems logical to me, that FB will follow the trend to adopt the OpenSocial and offer it as a tool of choice to the developers who are willing to use it. Facebook has already taken its steps to help developers by, for example, opening up its javascript library.
I recon adoption of OpenSocial would not hurt FB, but would make it even more attractive in the eyes of developers. Even though Microsoft is its shareholder.
The site is off-line so much they'd be crazy to add mountains of new traffic.
Post new comment