DJIA downturn , concern of East Asian stock markets… are among attempts to explain the break to below 480 of VN Index in the week ending 22/1/2010.
I have a different view. It could have been partly attributable to the speculation that Vietnam interest rate would rise.
On 25/1/2010, the speculation is turned upside down and the market is turned downside up.
Chart: Sacombank Securities website
As always, the grapevines has made the run at the market.
I will run regression to find correlation between DJIA and VNI.
Beside Facebook, are you a blogger? vlogger? Twitter user? Friendfeed? Tumblr?
Have you noticed that Facebook has been sucking interactions with your content from your original source into Facebook feed?
If yes, that’s how Facebook is becoming the skeleton of the Internet.
Facebook has becomeubiquitousthat people keep staying inside Facebook, expecting to consume information from everywhere. Facebook is doing well to satisfy this need of convenience, allowing information inflow by both implementing functions itself andproviding the platform for respective service provider to develop Facebook applications.
- Convenience for users
- Explorability of information world’s largest hub
- Distribution of interactions from original site to other hubs, notably Facebook
Anything has its down side. The issues are
- Interactions within original service (Twitter, Tumblr) are always richer in essence than two actions “Comment” and “Like” on Facebook. If people keep using Facebook and neglect the other services, this richness is not utilized to its fullest potentials
- As a result of (1), innovation elsewhere other than Facebook is gradually killed off
- As if to fuel destruction of their “complementors”, Facebook has been cloning interesting nice features of elegant services including Twitter, Tumblr and swallowed Friendfeed
As for me, interactions with my Tumblr items by my connections who use both Facebook and Tumblr are now done on Facebook. More “likes” on Facebook, fewer “reblogs” on Tumblr. These posts are read, liked, then dispersed down Facebook stream. They have not been recreated and passed on by being reblogged.
By becoming the main stream of information, Facebook is killing contents and innovation.
There’s the price publishers pay to distribute information on Facebook. There’s the price other service providers pay to spread contents hosted on them onto Facebook. The price by information consumers residing on Facebook will only be realized when real casualties have been done.
Are you a publisher or a consumer? What do you think?