The impending Age Of Abundance was prophecied in the scriptures thousands of years ago.
Showing posts with label Wall Street. Show all posts
Showing posts with label Wall Street. Show all posts
Saturday, February 23, 2013
Wednesday, January 16, 2013
Facebook's Graph Search: A Long Time Coming
This move to deep search within the Facebook treasure troves is something I have pushed for for years now right at this blog. It just makes sense.
Graph Search highlights Facebook's unwillingness to bend to Wall Street
Graph Search highlights Facebook's unwillingness to bend to Wall Street
Tuesday, September 25, 2012
Engineering, Sales: Equally Important
Marissa Mayer's Blind Spot
Call it high tech and high touch. Engineering and sales are both equally important. And as CEO, even if you have primarily an engineering background, you can not ignore sales. Sales is what is making LinkedIn do well on Wall Street while Facebook is licking it.
Sales does seem to be Mayer's blind spot. Although she has had a great stage appearance since when she was at Google. That is sales.
But product is what has been Yahoo's weakness. And Mayer's focused on product. She will come around to it, I am sure.
Monday, September 17, 2012
Google+ At 400 Million Users
I wonder how much of this can be attributed to months of bad press coverage Facebook has been getting for the hammering it has received on Wall Street.
400 million in 12 months is wild.
As predicted, Google+ passes 400M registered users, now has 100M monthly active users
400 million in 12 months is wild.
As predicted, Google+ passes 400M registered users, now has 100M monthly active users
over 400,000,000 people have upgraded to Google+. It was only a year ago that we opened public sign-up, and we couldn’t have imagined that so many people would join in just 12 months. While Google+ is all about creating a better experience across Google, it’s also a destination. And here too, I’m happy to report that we have just crossed 100,000,000 monthly active users on Google+
Sunday, August 12, 2012
Could America Grow At 5%
I think it is extremely possible. The 2008 fiasco was a policy failure on a massive scale. The 2008 fiasco was preventable. The 2008 fiasco was stupidity run amok, on Wall Street and on Capitol Hill. Main Street paid the price, and continues to do so. In any other industry the fiasco would have given rise to a whole new generation of innovative companies. The rules in finance are obviously not market friendly enough.
It was like somebody (at home) bombed the interstate highways. The basic fabric of finance lay in tatters.
China is on its way to becoming the leading economy in the world by 2016. But that is based on PPP (Purchasing Power Parity) and that is a country with four times as many people as America. And a lot of that growth is coming from playing catch up with America. America still shows signs of coming up with the industries of tomorrow. I think the explanation is simple. A country that celebrates free speech will beat a country that does not celebrate free speech any day when it comes to cutting edge innovation.
Yes but of course America could hit 5% growth rates. The Great Recession could have been avoided, if only the people on Wall Street and on Capitol Hill had been doing their job.
The American economy: Comeback Kid
It was like somebody (at home) bombed the interstate highways. The basic fabric of finance lay in tatters.
China is on its way to becoming the leading economy in the world by 2016. But that is based on PPP (Purchasing Power Parity) and that is a country with four times as many people as America. And a lot of that growth is coming from playing catch up with America. America still shows signs of coming up with the industries of tomorrow. I think the explanation is simple. A country that celebrates free speech will beat a country that does not celebrate free speech any day when it comes to cutting edge innovation.
Yes but of course America could hit 5% growth rates. The Great Recession could have been avoided, if only the people on Wall Street and on Capitol Hill had been doing their job.
The American economy: Comeback Kid
Unemployment is stuck above 8% and growth probably slipped below an annualised 2% in the first half of this year. Ahead lie the threats of a euro break-up, a slowdown in China and the “fiscal cliff”, a withering year-end combination of tax increases and spending cuts...... Led by its inventive private sector, the economy is remaking itself. Old weaknesses are being remedied and new strengths discovered, with an agility that has much to teach stagnant Europe and dirigiste Asia. ..... America’s sluggishness stems above all from pre-crisis excesses ..... Until 2008 growth relied too heavily on consumer spending and house-buying, both of them financed by foreign savings channelled through an undercapitalised financial system. Household debt, already nearly 100% of income in 2000, reached 133% in 2007. Recoveries from debt-driven busts always take years, as households and banks repair their balance-sheets. ...... in the past three years that repair has proceeded fast. America’s houses are now among the world’s most undervalued: 19% below fair value ..... because the Treasury and other regulators, unlike their euro-zone counterparts, chose to confront the rot in their financial system quickly, American banks have had to write off debts and raise equity faster than their peers. (Citigroup alone has flushed through some $143 billion of loan losses; no euro-zone bank has set aside more than $30 billion.) American capital ratios are among the world’s highest. And consumers have cut back, too: debts are now 114% of income. ..... a richer China has become the third-largest market for America’s exports, up 53% since 2007 ...... a growing “app economy”, nurtured by Facebook, Apple and Google, which employs more than 300,000 people; its games, virtual merchandise and so on sell effortlessly across borders .... even small companies are seeking a toehold in emerging markets ..... Many countries have shale gas, but, as it did with the internet revolution, America leads in exploiting it ...... Even the most productive start-ups cannot help an economy held back by dilapidated roads, the world’s most expensive health system, underachieving union-dominated schools and a Byzantine immigration system that deprives companies of the world’s best talentAmerica’s economy: Points of light
American companies have left their mark all over Shanghai’s skyline..... Five of America’s biggest banks wrote off almost $500 billion in the aftermath of the financial crisis and raised $318 billion in fresh capital. As a result, their equity ratios now exceed 10%—above both pre-crisis levels and those of euro-zone banks. ...... Consumers are now engaged in a long, hard process of shedding debt and learning to live within their means. .... an uncommonly feeble recovery. In the three years since the recession ended, GDP has grown by an average of 2.4%. ..... With many old mortgages defaulted on and written off, and new ones harder to get, debt burdens have shrunk considerably. ..... two things beyond America’s control: the slowing world economy and the rising price of oil, America’s largest import. ..... Sales to traditional markets in the OECD, a rich-world club, have risen 20% since the end of 2007. But they have risen 51% to Latin America and 53% to China, which is now America’s third-largest market after Canada and Mexico. ..... Services have long been an American strength, consistently making up 30% of its exports. ..... scientific, engineering and other consulting, plus financial services .... Exports of such services to Brazil, India and China nearly doubled between 2006 and 2010. .... This trend has been pushed on by digital technology, which makes effortless the sale of many services across borders. ..... Zynga, one of the largest makers of online games and mobile entertainment applications, recorded $1.1 billion in revenue last year, largely from the sales of virtual goods in its games. A third of this came from players who live outside America. ...... Manufacturing employment has risen steadily for two years now. ..... Traditionally, America’s largest companies, such as Boeing and Caterpillar, have dominated exports. Small companies find distribution, regulation and language barriers overwhelming in foreign countries. ...... Small companies (with fewer than 500 employees) accounted for 34% of exports in 2010, up from 29% in 2006. ..... Soaring grain exports have raised farmers’ incomes to record levels, and regulators fret about incipient bubbles in agricultural land. At the same time, surging oil prices have triggered a gusher of new output. ..... America is the world’s third-largest oil producer. ..... a bonanza of domestic gas. Americans pay less than $3 for 1m British thermal units, where Europeans and Asians often pay more than $10. ..... America’s most successful exporters employ relatively few people. .... Emerging markets may have survived the 2008 crisis largely unscathed, but their growth is now succumbing to their own financial excesses. Nor are they an easy place to make money. China’s government, in particular, often forces foreign companies to share with local partners the ideas that give them their competitive advantage
Monday, August 06, 2012
Zynga Fixes
Mobile is a trend, it is a tsunami, and it is not new, it has been going on. So the thought that Zynga should place a major emphasis on mobile is to state the obvious. Mobile is going to be the central computing experience for most people. They are out and about but they are connected, they are online. Mobile is where the center of gravity is headed, if it is not there already. And that has implications for numerous companies, many industries.
Being metrics driven is important. But being only metrics driven can feel empty. Creating games is artwork. You can't get rid of the metrics, but you can't be a slave to the metrics either. What makes for a great actor? A great director? A great movie? What makes for a great game?
There's A Major Flaw In Zynga's Plan To Fix Itself
It has no choice but to figure out mobile. Zynga's mobile users are growing three times faster than its web users. ...... Farmville, which first put the gaming company on the map, has led to a slew of other "ville" attempts, like Castleville, Cityville, YoVille, PetVille and FishVille. Most have not been able to attract the same user-base as Farmville. .... "The 'With Friends' network is the same strategy as ville games," says the source "Pick a franchise that has one hit and double down on the franchise as each game performs worse and worse."Going mobile is as much a strategy as going online is. That is a broad direction. Then you have to figure it out.
Wall Street is even more metrics driven than Zynga. Way more. It looks at cold, hard cash, earnings.
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