Archive for May, 2012

May 17, 2012

A look at the Facebook IPO [Infographic]

Plenty of information and predictions are out there about the looming Facebook IPO. I don’t think I can add a whole lot to the analysis, so I won’t even try.

My expertise also doesn’t lie in telling you what companies to invest in, so I won’t do that either.

What I want to share are the things that I’ll be watching for as this IPO unfolds:

I am probably most interested in two main elements. First, the spectacle of IPO day – anticipated to be Friday, May 18, 2012: the speculation beforehand, the fury of transactions during the day, and the resulting positive and negative media coverage. For some reason, I love this carnival atmosphere. Tied closely to this,  I’m eager to watch how Facebook “messages” this major event. My background in communications and public relations always has me  looking for the PR side of the equation and to learn from the  good (or bad) lessons from a communications perspective. It will be interesting to see how they frame this transaction, see if they were  successful in communicating their main message.

Second, I’m interested in actually seeing how the stock performs. What will be the price of a share after week one, six months, and one year after the IPO? If you recall, both Groupon and Zyngna tanked after their IPO. LinkedIn, however, did much better. Here’s how those big three social media IPOs of 2011 have performed since their big day:

  • Groupon opened at $26.11 a share (Nov. 4, 2011), as of the morning of May 17, 2012, it was down a whopping 50% to $13.05
  • Zygna opened at $9.50 a share (Dec. 16, 2011), as of May 17, 2012, it was down about 13% to $8.22
  • LinkedIn opened at $94.25 a share (May 19, 2011) as of May 17, 2012, it was up 17% to $113.49

If you’re watching this one too, the infographic below provides some interesting statistics and a decent context to help us understand the events of May 18. Big thanks to davidhallsocialmedia.com reader @gvoakes for drawing my attention to this infographic.

Facebook MBA: Behind the IPO Everyone's Talking About
Created by: MBAOnline.com

May 10, 2012

Do you do “Social Media Spring Cleaning”? Here’s how I’m polishing up my accounts…

Ensuring that my social media profiles are up-to-date is something I think about often, and speaking with other communications professionals, I know that I’m not alone. The trap that I fall into is that I know I have to update my profiles, but I procrastinate, work on more “pressing issues”, and never get around to it. But this year is different. I’ve decided to put an annually-reoccurring event in my calendar titled “Social Media Spring Cleaning” to force myself to take the time I need to make sure all of my information is clean and current. Here’s what I’m suggesting:

Start by visiting all of the social media profiles you have signed up for. First, you want to get an idea of what you signed up for, and second, you want to see how they look. Read all of the content to make sure that you’re pleased with it. Identify what needs to be changed/updated. Start with the networks you use most often, then start looking for other ones that are less active or you just plain forgot about.

Update your profiles. Make sure your information is consistent. Be sure to add new information from the year past. This is also a good time to take a peak back at what you’ve been posting to see what you have been up to the past few months. You may feel the need to remove some postings that you made that are no longer relevant or are completely off topic.

Delete any old accounts. Consider deleting (or disabling) any accounts that you haven’t used in the past 6 months, or don’t intend on using in the future.

Google yourself. But spend some time and go deeper. Take a full hour to search google images, videos, YouTube. Then go to other sites such as Peekyou.com, pipl.com, wink.compeople.yahoo.com, or zuula.com to search for your online presence. If you can’t find yourself, try including other things people may know about you when searching, like your city, place of employment, previous schools you attended, or friends/family connections. All this can be done for you personally, and/or the brand that you manage.

And I’m happy to report that I do take my own advice. Here’s what I’ve been able to do:

…It took me between 2-3 hours to complete it all.

If you have any other suggestions about what to include in a “social media spring cleaning” exercise, leave a comment and let me know.

May 1, 2012

Want to know if you’re an online jerk? There’s an app for that! [Interview]

Tom Scott – Creator of Klouchebag

By now, I’m sure you’ve heard of Klout.com, a service that attempts to measure how influential your social media profiles are. People are scored out of 100 by an algorithm and are assigned influence ratings on topics. They can also compete for titles and rewards. It’s the gamification of influence online. Some people love it, some hate it. Last week one Londoner decided to poke fun at it by creating his own service designed to measure your online “asshattery“.

This new parody site, named Klouchebag.com, was created in a few hours by Tom Scott  (@TomScott) – a British geek comedian, programmer, and social media contributor.

Klouchebag ranks Twitter accounts by evaluating online activity using the ARSE system:

  • Anger: use of profanity and rage.
  • Retweets: “please RT”s, no or constant retweeting, and old-style.
  • Social Apps: sharing every useless check-in on Foursquare or its horrible brethren; and
  • English Usage: if you use EXCLAMATION MARKS OMG!!!, or no capitals at all, this’ll be quite high.

Getting a good chuckle at this site, and learning that I’m “Quite Noisy“, I shot Tom a quick email to get some more background on his latest creation. Here’s what he said about Klouchebag….

What spawned this idea and how fast did it come together?  
I had the idea on April 26th, 2012, after reading this article in Wired. I’d been annoyed with the idea of Klout for a while, and that crystallised it. On April 27th, 2012, I registered the domain name (sadly, “klunt.com” was already taken) and built it in a couple of hours of spare time.

What type of feedback have you been getting so far?
Almost all positive – fortunately no-one seems to be taking it seriously!

How much traffic did you get on the first day?
No idea. The stats won’t be in for a while. It’s certainly the fastest-launching project I’ve ever had.

Is there anything that you left out that you would have liked to have included?
Given another few hours, I might have added some awards or badges – but I’d worry about people competing for them!

Who, besides yourself, has the highest score?
Someone did discover one natural 100, which I didn’t think would be possible – a US morning radio show! For their sake, I’ll keep quiet as to who it is.

After a little Googling, I found this…

Do you have an axe to grind with Klout? or could this have been any “influence rating” service? 
Klout annoys me for the same reason that search engine optimisation annoys me: it’s an enormous amount of effort designed to game an arbitrary and often-changing system. Imagine if all that time went into actually making interesting things, or caring about the people around you. To quote the WOPR computer from WarGames: “the only way to win is not to play”!

Social media in a business context is all about measurement. If influence isn’t a viable measure for ROI, how would you suggest evaluating the effectiveness of social media campaigns? 
I’m not sure I can actually answer that question without throwing up a bit in my mouth.

Now what do you think? Do  you care about your Klout score? Do you try and improve it?

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