BUSI 1402 Lecture 4: lecture 4
Document Summary
A new framework to empower a new generation. By end of 2004 over 1 million people were registered. Facebook for business: new portal designed to bring smaller businesses to facebook. Offers tangible advice on setting up facebook dependent of organizational goal. From new york to palo alto (via boston) In oct 4,2012 it reached its 1 billion friends milestone. Companies and organizations want you to like them on facebook. Facebook big new friend: goldman sachs (a 1. 5 billion friend- jan 4,2011) Only non-americans could participate in goldman sachs scheme. The value of a telecommunications network is proportional to the square of the number of connected users of the system (n2) The reciprocity ring demonstrates how social networking creates value for everyone who participates. Stop wasting ads on people who will never buy. Meme: unit of info representing a basic idea that can be transferred from one individual to another (dawkins 1976)
