Yesterday at f8, Facebook’s developer conference, CEO Mark
Zuckerberg announced some major changes to Facebook. Now with over 800 million
members, astonishingly, Facebook gets 500 million users on a good day.
Mark Zuckerberg in front of the Lifestyle Partners for the new Open Graph
Profile – your HQ on
Facebook is now the scrapbook of your life, AKA your “Timeline”
Your timeline scrolls down below in groupings of activities,
images, actions and interactions, when you friended someone, where you checked
in and with whom. Actions, apps and relationships are presented in little
blocks stretching back in time. It’s easy to see what’s happened, and it’s even
easier to remove that content if it’s not important to you, or you’d like to
remove it.
I’m a reluctant personal FB user – it’s great to keep in
touch with family and some friends, but it’s been a long time since I’ve felt
some magic, and this Timeline makes me want to fill in the gaps of my life (the
timeline starts for me in 2007), and has done a good job of picking out key
events and relationships in my life to date. I feel a stronger emotional
connection to my Facebook life now than I have had for several years.
Update
your profile to the timeline by following these simple steps from
Mashable.
How does it make you feel? Post in the comments below.
Zuckerberg stated how it’s been designed for mobile and it
looked great on the big screen, but I’m not seeing my new Timeline view on the
iPhone yet (this probably needs an app update rather than mobile webpage).
“Likes” are not the
only fruit – say hello to “Gestures”
If you’re a keen cook you probably don’t just ‘like’ a recipe,
you ‘cook it.’ Gestures mean that you can say you’ve ‘listened’ to a ‘song’ or ‘read’
a ‘book’ rather than just ‘liked’ something. Brands, products and services can
create their own actions to boost relevance and forge a connection with their
fans/users/customers.
Apps
Apps are now more social with updates from apps able to
appear in the news ticker. Apps don’t go to die on the left hand side of your
profile, well used ones will appear in your timeline when you use them, with
the update being shared in the news ticker... This will aid uptake and sharing of
content more than before. Sponsored stories can also take activity directly
from apps to be used in ads.
More entertainment will
be delivered through Facebook
At f8, Zuckerberg announced partnerships with Film
(Netflix), TV (Hulu), Music (Spotify) and News/Media (Yahoo! and others – see pic).
Facebook now becomes a social layer over our entertainment lives and sharing. Sharing
what you’re listening to on Spotify, for example will be shared with your
connections in the newsfeed, meaning more discovery and shared experiences between
friends.
Implications for
marketers and brands
·
“Engagement” and brand utility – it’s now so easy
to remove updates, unsubscribe from activity and apps, so brands have to be
even more focused on engaging with customers and providing genuine use – information,
fun, incentives, utility. Branded services like Nike+ keep on looking better and better!
·
Enhanced targeting If we can take users' actions from the news ticker for ad targeting, we could e.g. target movie viewers who
watch a lot of action movies on Facebook, or Spotify users who play a lot of a
band or a kind of genre, or readers of e.g. The
Guardian’s news on Facebook
·
More ammo for Sponsored Stories – we’ve covered
how important Sponsored Stories are to Facebook’s advertising plans, and the f8
updates will enable much more social information to be used for advertisers to
boost the social relevance of advertising
·
Entertainment content delivered on Facebook will
probably open up possibility for more formats in time (e.g. VOD pre-rolls), but
also sponsorship and loyalty schemes where brands can help fans accumulate
Facebook credits to access content
Industry questions
·
How will the business side of things work for media
partners? Referring traffic is one thing but will Facebook share ad revenue
around the content? I can see it working well for Spotify, as they will get
more paying customers and sharing/referrals, but will accessing editorial
content through Facebook mean more paying readers?
I use the paid for Guardian
iPhone app, but can if I can access it all for free via Facebook then why should
I pay for the next update?
As outlined in Tuesday’s ‘Facebook in a nutshell’ (Carat Manchester industry presentations), we have
seen Facebook falter recently in terms of visits and usage, yet it remains the dominant
social network in Europe and the Americas (with some exceptions e.g. Orkut in Brazil). We knew entertainment and content delivery was key, and this is a huge signal of intent for the future.
This is a shot in the arm, and then some - no wonder they held off IPO!